Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.EnglishFollow us on Twitter:
https://twitter.com/France24_en

published:12 May 2017

views:80374

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarity over the final 2015 field gas quota has triggered price volatility. Reginald Ajuonuma examines how the market expects yet more volatility in the coming months ahead of a government quota decision in July and a court ruling, due later this year, which could further cut output.

published:28 Apr 2015

views:350

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shuttle operation for FloatingCompressed Natural Gas (FCNG), the transportation of natural gas from a Floating Production unit (FPSO) or platform to market. This innovative solution is capable of monetizing offshore fields less than 5 TCF in size. These offshore transportation vessels can be augmented with Floating LNG (FLNG) to produce larger fields for global delivery or used as a stand alone regional solution.
Simpler and less expensive compression allows smaller offshore fields to be produced into CNG tankers and taken to markets seeking to switch from oil or diesel to natural gas. The operation is very similar to how oil tankers transport gas from FPSOs. Marine CNG ships can now transport associated gas from oil production or larger volumes from gas field developments.

published:14 May 2015

views:1127

ItalyOil and Gas Markets Outlook to 2025 - Supply, Demand, InvestmentOpportunities, Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets) and Competition @ http://www.reportsnreports.com/reports/275210-italy-oil-and-gas-markets-outlook-to-2025-supply-demand-investment-opportunities-infrastructure-fields-blocks-pipelines-lng-refinery-storage-assets-and-competition.html
Italy Oil and Gas Markets Outlook to 2025 from Researcher provides comprehensive analysis and forecasts of the Italy Oil and Gas market between 2000 and 2025. Covering the entire value chain of the industry, the report analyzes each of the oil and gas segments in Italy including upstream sector, pipeline, refinery, LNG and storage sectors. Further, detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided, highlighting the growth potential and feasibility of projects.
Production and Consumption forecasts of Italy oil, gas, gasoline, LPG, kerosene, diesel oil, coal, LNG and electricity to 2025 are provided. Further, the report examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors. It also identifies the key challenges, drivers and restraints in the country's oil and gas industry and the impact of these metrics on the industry.

published:19 Mar 2014

views:81

Here's a quick look at the factors that could move the energy and commodity markets this week.
More Platts insights, news and analysis here: http://plts.co/4E3D30a3Nyd

published:20 Mar 2017

views:240

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player in the field of production and supply solutions for the power industry and the gas industry. Furthermore, in 2013 Hutira is expanding to new foreign markets.
The regulation unit for the gas power plant in Ghana in Africa was produced in this production facility in its new container design. The regulation unit is assembled right here in this workshop into containers and also completely tested. The advantage of such a solution is the easy transportation of the whole container and then it is easy to connect up and commission. The gas power plant is located in the city of Tema, which is the most important port of Ghana close to the capital Accra.
The video was produced by the television and advertising company TVF http://www.tvf.cz

published:07 May 2013

views:153

$38 BILLION gas PROJECT
RUSSIAN GASGiant 'Gazprom' TO Supply ASIAN MARKETS
Moscow Region, Russia
October 29, 2012
-Video from RIA Novosti
(Видео с Российское агентство международных новостей)
Russian PresidentVladimir Putin met with Gazprom CEO Aleksey Miller at the presidential residence outside Moscow on Monday.
The discussions focused on the Eastern GasProgram, the development of gas fields in Siberia, and the construction of new pipeline routes.
Putin said the state-run gas company should accelerate prospecting at the Chayanda gas field in Yakutia and the construction of a pipeline linking to Vladivostok on the Pacific coast.
Miller reported that overall investments to fulfil these tasks will be around 1.2 trillion rubles ($38 billion).
"Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline", he said.
The project is aimed at boosting Gazprom's presence on Asia-Pacific markets.
"This is the largest market in the world, and one that is developing very swiftly... So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones", Miller told Putin.
*
Aleksey Miller, Gazprom CEO (speaking Russian):
Mr. Putin, Gazprom has been consistently implementing the Eastern Gas Programme. Two gas-production centres have been created -- in Kamchatka and Sakhalin. Two gas-main pipelines have been built -- from Sobolevo to Petropavlovsk-Kamchatsky and from Sakhalin through Khabarovsk to Vladivostok.
As of today, Gazprom continues operating in Sakhalin where a new gas field called Kirinskoye will be introduced in 2013 -- unique for its sea-bed technology, for the first time in Russia. Now that the work on developing the gas fields in Sakhalin and Kamchatka has begun we are tasking ourselves to start the second phase of the Eastern Gas Programme and create new gas-production centres. First of all, it concerns...
Vladimir Putin, Russian President (speaking Russian):
It'sKovykta in Irkutsk and [a centre in Yakutia] Chayanda?
Miller: Yes. Chayanda is the main gas field of the Yakutsk gas-production centre. The overall prospected resources comprise 53 trillion cubic metres of gas in EastSiberian and Far Eastern mainland and 15 trillion cubic metres of gas in the shelf.
Putin: How much is there here in Irkutsk?
Miller: The Irkutsk gas-production centre's prospected resources are estimated to have 3.7 billion [?trillion] cu.m.
Putin: How much is here?
Miller: It's 2.5 billion [?trillion] cu.m and it's 1.2 trillion cubic metres at the Chayandinskoye field. On the whole, the region has been prospected only slightly -- eight per cent of the mainland and six per cent of the shelf.
Putin: Are you planning to lay the pipe to the East from Yakutia first?
Miller: We believe it's a priority to start developing the Chayadinskoye gas field, to be followed by the Kovyktinskoye gas field along with the Irkutsk production centre, the stage to follow being the Krasnoyarsk centre.
Having started the operations at the Chayandinskoye gas field we are planning to lay a gas-main pipeline from Yakutia through Khabarovsk to Vladivostok -- 3,200 km long, after which as we develop the Kovyktinskoye gas field in parallel we'll start building the second part of the pipeline from Yakutia, 800 km long.
Putin: So as to connect these two gas fields? What about a pipeline to the west from here?
Miller: Delivery of gas from the Irkutsk gas-production centre to the west is envisaged, too -- towards Krasnoyarsk, Novosibirsk and Omsk -- it's more than 2,000 km. Thus we are planning to get the eastern part of our country, Eastern Siberia connected to Western Siberia, the main consumption centre.
Putin: This is how we will get an integrated gas supply system.
Miller: An integrated system for the whole Russia.
Miller: The investment feasibility study has been approved. Speaking of the new Pacific gas pipeline, we expect it to be built by the end of 2017. We are also planning to build a new gas liquefaction plant somewhere in Vladivostok. We do give priority to domestic markets but we are genuinely interested in setting up a new center for Russian gas exports to Asia-Pacific.
You know that this is the largest market in the world, and one that is developing very swiftly. Some of the most rapidly growing markets include China, India, Japan, Korea, Taiwan, Thailand, Bangladesh, Singapore and Vietnam. So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones.
Miller: Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline.
CLICK HERE to view all the Videos/photos we've uploaded:
http://www.youtube.com/user/WestEndNews/videos

In this week's #PlattsMM Europe highlights: Key reports on the global #oil market are due out after Brent hit $70 a barrel; a Dutch government decision on a key European #natgas field is eagerly awaited; and the European #steel sector is bracing itself for a US trade ruling.
Our social media question is: What do you think the outcome of the latest #Groningen earthquake will be for the gas market? Tweet us using the hashtag #PlattsMM.
S&P Global PlattsSenior Editor, Central Editing Desk, Jon Dart, explores these and other topics that may impact Europe's commodity markets this week:
* Groningen earthquakes
* Grand coalition or big falling out in Germany?
* German Cal 20 power
* US trade ruling on European steel eyed
----------------------------------
Subscribe for more #PlattsMM updates: http://plts.co/w7hd30cmrHv
----------------------------------
Keep up to date with all the latest S&P Global Platts news by tweeting us at @SPGlobalPlatts and by using the hashtag
#PlattsMM: http://plts.co/2nkL30cH5XQ
----------------------------------
You can also follow all our latest updates by following us on:
Website: https://www.platts.com/
Facebook: http://plts.co/ng5Q30cqflH
Twitter: http://plts.co/AgIW30cqfnk
LinkedIn: http://plts.co/YNL530cqfk1

published:15 Jan 2018

views:185

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.

published:01 Oct 2012

views:3006317

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of massive natural gas fields in the Eastern Mediterranean by Texas based Noble Energy & Israeli consortiums. Discoveries within arms reach of the Israeli coast and within our territorial waters. In 2009 the TamarIsrael discovery rippled across energy markets, Tamar discoveries can power 50% of Israel's energy needs for the next 4 decades.
Now in 2010 a new unbelievably larger reserve named Leviathan may yield massive amounts of natural gas, estimated at possibly twice the size of Tamar! If Leviathan yields, it can transform Israel into a global energy exporter.
The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in 2009, and position Israel as a gas exporter in coming years. Today is a day of celebration for all of us. The State of Israel is an energy independent country.
Lebanon & Its Embarrassing, Ugly Islamic StepChild -- Hezbollah
Of course, If Israel has it, you can rest assured Hezbollah wants to lay its greedy little Islamofacist hands on it. The exploratory permits licensed to Noble and its partners where these discoveries are being made are clearly off Israeli waters.

Natural gas field

Oil and natural gas are produced by the same geological process according fossil fuel suggestion: anaerobicdecay of organic matter deep under the Earth's surface. As a consequence, oil and natural gas are often found together. In common usage, deposits rich in oil are known as oil fields, and deposits rich in natural gas are called natural gas fields.

In general, organic sediments buried in depths of 1,000 m to 6,000 m (at temperatures of 60 °C to 150°C) generate oil, while sediments buried deeper and at higher temperatures generate natural gas. The deeper the source, the "drier" the gas (that is, the smaller the proportion of condensates in the gas). Because both oil and natural gas are lighter than water, they tend to rise from their sources until they either seep to the surface or are trapped by a non-permeable layer of rock. They can be extracted from the trap by drilling.

The largest natural gas field is South Pars/Asalouyeh gas field, which is shared between Iran and Qatar. The second largest natural gas field is the Urengoy gas field in Russia. The gas field Haynesville Shale in Louisiana-Texas has been projected bigger than South Pars, but since this is a new well its size has not yet been officially recorded.

Gas

Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma). A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or compound molecules made from a variety of atoms (e.g. carbon dioxide). A gas mixture would contain a variety of pure gases much like the air. What distinguishes a gas from liquids and solids is the vast separation of the individual gas particles. This separation usually makes a colorless gas invisible to the human observer. The interaction of gas particles in the presence of electric and gravitational fields are considered negligible as indicated by the constant velocity vectors in the image. One type of commonly known gas is steam.

The gaseous state of matter is found between the liquid and plasma states, the latter of which provides the upper temperature boundary for gases. Bounding the lower end of the temperature scale lie degenerative quantum gases which are gaining increasing attention. High-density atomic gases super cooled to incredibly low temperatures are classified by their statistical behavior as either a Bose gas or a Fermi gas. For a comprehensive listing of these exotic states of matter see list of states of matter.

Saudi Arabia

Saudi Arabia (i/ˌsɔːdiːəˈreɪbiə/, i/ˌsaʊ-/), officially known as the Kingdom of Saudi Arabia (KSA), is an Arab state in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000km2 (830,000sqmi), Saudi Arabia is geographically the second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid inhospitable desert or barren landforms.

The area of modern-day Saudi Arabia formerly consisted of four distinct regions: Hejaz, Najd, and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. The country has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamic lines. The ultra-conservative Wahhabism religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spreading largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca), and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The Kingdom has a total population of 28.7 million, of which 20 million are Saudi nationals and 8 million are foreigners.

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.EnglishFollow us on Twitter:
https://twitter.com/France24_en

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarity over the final 2015 field gas quota has triggered price volatility. Reginald Ajuonuma examines how the market expects yet more volatility in the coming months ahead of a government quota decision in July and a court ruling, due later this year, which could further cut output.

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shuttle operation for FloatingCompressed Natural Gas (FCNG), the transportation of natural gas from a Floating Production unit (FPSO) or platform to market. This innovative solution is capable of monetizing offshore fields less than 5 TCF in size. These offshore transportation vessels can be augmented with Floating LNG (FLNG) to produce larger fields for global delivery or used as a stand alone regional solution.
Simpler and less expensive compression allows smaller offshore fields to be produced into CNG tankers and taken to markets seeking to switch from oil or diesel to natural gas. The operation is very similar to how oil tankers transport gas from FPSOs. Marine CNG ships can now transport associated gas from oil production or larger volumes from gas field developments.

ItalyOil and Gas Markets Outlook to 2025 - Supply, Demand, InvestmentOpportunities, Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets) and Competition @ http://www.reportsnreports.com/reports/275210-italy-oil-and-gas-markets-outlook-to-2025-supply-demand-investment-opportunities-infrastructure-fields-blocks-pipelines-lng-refinery-storage-assets-and-competition.html
Italy Oil and Gas Markets Outlook to 2025 from Researcher provides comprehensive analysis and forecasts of the Italy Oil and Gas market between 2000 and 2025. Covering the entire value chain of the industry, the report analyzes each of the oil and gas segments in Italy including upstream sector, pipeline, refinery, LNG and storage sectors. Further, detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided, highlighting the growth potential and feasibility of projects.
Production and Consumption forecasts of Italy oil, gas, gasoline, LPG, kerosene, diesel oil, coal, LNG and electricity to 2025 are provided. Further, the report examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors. It also identifies the key challenges, drivers and restraints in the country's oil and gas industry and the impact of these metrics on the industry.

Here's a quick look at the factors that could move the energy and commodity markets this week.
More Platts insights, news and analysis here: http://plts.co/4E3D30a3Nyd

2:15

HUTIRA - BRNO successfully expands to new markets GB

HUTIRA - BRNO successfully expands to new markets GB

HUTIRA - BRNO successfully expands to new markets GB

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player in the field of production and supply solutions for the power industry and the gas industry. Furthermore, in 2013 Hutira is expanding to new foreign markets.
The regulation unit for the gas power plant in Ghana in Africa was produced in this production facility in its new container design. The regulation unit is assembled right here in this workshop into containers and also completely tested. The advantage of such a solution is the easy transportation of the whole container and then it is easy to connect up and commission. The gas power plant is located in the city of Tema, which is the most important port of Ghana close to the capital Accra.
The video was produced by the television and advertising company TVF http://www.tvf.cz

$38 BILLION gas PROJECT
RUSSIAN GASGiant 'Gazprom' TO Supply ASIAN MARKETS
Moscow Region, Russia
October 29, 2012
-Video from RIA Novosti
(Видео с Российское агентство международных новостей)
Russian PresidentVladimir Putin met with Gazprom CEO Aleksey Miller at the presidential residence outside Moscow on Monday.
The discussions focused on the Eastern GasProgram, the development of gas fields in Siberia, and the construction of new pipeline routes.
Putin said the state-run gas company should accelerate prospecting at the Chayanda gas field in Yakutia and the construction of a pipeline linking to Vladivostok on the Pacific coast.
Miller reported that overall investments to fulfil these tasks will be around 1.2 trillion rubles ($38 billion).
"Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline", he said.
The project is aimed at boosting Gazprom's presence on Asia-Pacific markets.
"This is the largest market in the world, and one that is developing very swiftly... So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones", Miller told Putin.
*
Aleksey Miller, Gazprom CEO (speaking Russian):
Mr. Putin, Gazprom has been consistently implementing the Eastern Gas Programme. Two gas-production centres have been created -- in Kamchatka and Sakhalin. Two gas-main pipelines have been built -- from Sobolevo to Petropavlovsk-Kamchatsky and from Sakhalin through Khabarovsk to Vladivostok.
As of today, Gazprom continues operating in Sakhalin where a new gas field called Kirinskoye will be introduced in 2013 -- unique for its sea-bed technology, for the first time in Russia. Now that the work on developing the gas fields in Sakhalin and Kamchatka has begun we are tasking ourselves to start the second phase of the Eastern Gas Programme and create new gas-production centres. First of all, it concerns...
Vladimir Putin, Russian President (speaking Russian):
It'sKovykta in Irkutsk and [a centre in Yakutia] Chayanda?
Miller: Yes. Chayanda is the main gas field of the Yakutsk gas-production centre. The overall prospected resources comprise 53 trillion cubic metres of gas in EastSiberian and Far Eastern mainland and 15 trillion cubic metres of gas in the shelf.
Putin: How much is there here in Irkutsk?
Miller: The Irkutsk gas-production centre's prospected resources are estimated to have 3.7 billion [?trillion] cu.m.
Putin: How much is here?
Miller: It's 2.5 billion [?trillion] cu.m and it's 1.2 trillion cubic metres at the Chayandinskoye field. On the whole, the region has been prospected only slightly -- eight per cent of the mainland and six per cent of the shelf.
Putin: Are you planning to lay the pipe to the East from Yakutia first?
Miller: We believe it's a priority to start developing the Chayadinskoye gas field, to be followed by the Kovyktinskoye gas field along with the Irkutsk production centre, the stage to follow being the Krasnoyarsk centre.
Having started the operations at the Chayandinskoye gas field we are planning to lay a gas-main pipeline from Yakutia through Khabarovsk to Vladivostok -- 3,200 km long, after which as we develop the Kovyktinskoye gas field in parallel we'll start building the second part of the pipeline from Yakutia, 800 km long.
Putin: So as to connect these two gas fields? What about a pipeline to the west from here?
Miller: Delivery of gas from the Irkutsk gas-production centre to the west is envisaged, too -- towards Krasnoyarsk, Novosibirsk and Omsk -- it's more than 2,000 km. Thus we are planning to get the eastern part of our country, Eastern Siberia connected to Western Siberia, the main consumption centre.
Putin: This is how we will get an integrated gas supply system.
Miller: An integrated system for the whole Russia.
Miller: The investment feasibility study has been approved. Speaking of the new Pacific gas pipeline, we expect it to be built by the end of 2017. We are also planning to build a new gas liquefaction plant somewhere in Vladivostok. We do give priority to domestic markets but we are genuinely interested in setting up a new center for Russian gas exports to Asia-Pacific.
You know that this is the largest market in the world, and one that is developing very swiftly. Some of the most rapidly growing markets include China, India, Japan, Korea, Taiwan, Thailand, Bangladesh, Singapore and Vietnam. So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones.
Miller: Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline.
CLICK HERE to view all the Videos/photos we've uploaded:
http://www.youtube.com/user/WestEndNews/videos

In this week's #PlattsMM Europe highlights: Key reports on the global #oil market are due out after Brent hit $70 a barrel; a Dutch government decision on a key European #natgas field is eagerly awaited; and the European #steel sector is bracing itself for a US trade ruling.
Our social media question is: What do you think the outcome of the latest #Groningen earthquake will be for the gas market? Tweet us using the hashtag #PlattsMM.
S&P Global PlattsSenior Editor, Central Editing Desk, Jon Dart, explores these and other topics that may impact Europe's commodity markets this week:
* Groningen earthquakes
* Grand coalition or big falling out in Germany?
* German Cal 20 power
* US trade ruling on European steel eyed
----------------------------------
Subscribe for more #PlattsMM updates: http://plts.co/w7hd30cmrHv
----------------------------------
Keep up to date with all the latest S&P Global Platts news by tweeting us at @SPGlobalPlatts and by using the hashtag
#PlattsMM: http://plts.co/2nkL30cH5XQ
----------------------------------
You can also follow all our latest updates by following us on:
Website: https://www.platts.com/
Facebook: http://plts.co/ng5Q30cqflH
Twitter: http://plts.co/AgIW30cqfnk
LinkedIn: http://plts.co/YNL530cqfk1

4:07

Why do competitors open their stores next to one another? - Jac de Haan

Why do competitors open their stores next to one another? - Jac de Haan

Why do competitors open their stores next to one another? - Jac de Haan

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.

8:30

Israel & Lebanon Gas Dispute

Israel & Lebanon Gas Dispute

Israel & Lebanon Gas Dispute

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of massive natural gas fields in the Eastern Mediterranean by Texas based Noble Energy & Israeli consortiums. Discoveries within arms reach of the Israeli coast and within our territorial waters. In 2009 the TamarIsrael discovery rippled across energy markets, Tamar discoveries can power 50% of Israel's energy needs for the next 4 decades.
Now in 2010 a new unbelievably larger reserve named Leviathan may yield massive amounts of natural gas, estimated at possibly twice the size of Tamar! If Leviathan yields, it can transform Israel into a global energy exporter.
The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in 2009, and position Israel as a gas exporter in coming years. Today is a day of celebration for all of us. The State of Israel is an energy independent country.
Lebanon & Its Embarrassing, Ugly Islamic StepChild -- Hezbollah
Of course, If Israel has it, you can rest assured Hezbollah wants to lay its greedy little Islamofacist hands on it. The exploratory permits licensed to Noble and its partners where these discoveries are being made are clearly off Israeli waters.

« Gas markets, Projects, Challenges and Role of natural gas in the future »

« Gas markets, Projects, Challenges and Role of natural gas in the future »

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

NGL Markets and Economics

Discuss the fundamentals of the NGLMarket, its economic affects and best practices for managin risk.

19:31

Panel Discussion - Gas Markets Exploration and Production 5/5

Panel Discussion - Gas Markets Exploration and Production 5/5

Panel Discussion - Gas Markets Exploration and Production 5/5

A company whose principal activities consist of exploration for mineral, oil or gas may not progress to the next stage of development or to a stage where it is able to generate revenue. Other industry specific risks must also be considered.
"Gas Markets, Exploration & Production" (6 Nov 2013)
Upstream Oil & Gas companies are the most hotly traded stocks on SGX, with an annual turnover velocity of more than 350%, a rate which is more than 6 times that of a typical stock. Investors want to gain exposure to energy commodities, including companies involved in exploration and production of oil & gas.
What should investors look out for in the oil & gas market? Which leads us to the questions of how do companies explore for gas? And, what is "unconventional" gas?
Join our speakers Ms Maki Ikeda and Mr StuartTraver of Gaffney, Cline & Associates (GCA), a global consultancy offering technical, commercial and strategic advice to the petroleum sector as well as our guest panelist Mr Alberto Migliucci, CEO and founder of PetraCommodities, a natural resource specialist as they share their insights at this forum.

2:55

Shaybah Oil Field Saudi Arabia ARAMCO Oil and Gas Field

Shaybah Oil Field Saudi Arabia ARAMCO Oil and Gas Field

Shaybah Oil Field Saudi Arabia ARAMCO Oil and Gas Field

Ever wonder where our oil comes from?
Here is a rarely seen view from Shaybah Oil Field in Saudi Arabia.
Shaybah oilfield in Saudi Arabia is a major oil crude producing site south of the United Arab Emirates.
This was taking during a tour of the Aramco site. The oil refinery produces 750,000 barrels of crude oil per day and also natural gas. The new facility costs $2 billion and was created in 1998 does a relatively new field -- Aramco city within shaver houses approximately 2000 people. The site is very high-security and very interesting great deal of ingenuity by American and British and Saudi contractors to create the city. His in his own known as the empty Quarter which is a desert area with no inhabitants for hundreds of miles.
The word Shaybah means old man in Saudi Arabia and was named this because of the shape of the area.
Sheila has extreme weather with extremely hot and actually cold temperatures regular dust storms. It was an incredible engineering marvel to create the city and supply the infrastructure needed to build the original roads and airfield and other infrastructure needed to complete the initial construction.
The oil reserves of shape are estimated to be over 14 billion barrels of crude oil and approximately 25,000,000,000,000 ft.³ of natural gas the product the project was first started in 1998 and now is responsible for 750 million barrels of oil per day.
BruceFenton is narrator and video owner and works as an economic advisor focused on emerging markets such as the Middle East- he is the founder and President of Atlantic Financial Inc. (www.atlanticfinancial.com) -- creative commons copyright- you have permission to use this video for any purpose provided it is unedited and credit is given.
Bruce can be reached at www.brucefenton.com
Please connect on Facebook www.facebook.com/brucefenton

4:25

BP discusses its major projects and how to invest in emerging LNG markets

BP discusses its major projects and how to invest in emerging LNG markets

BP discusses its major projects and how to invest in emerging LNG markets

In this interview, Gastech Insights spoke to Head of InternationalGas, IST, David Knipe to hear more about upcoming projects and his view on the role of gas and LNG in the global energy sector.
Join us at the world's largest global gas and LNG event next year: http://www.gastechevent.com
Subscribe to our Gastech News newsletter to receive unique gas & LNG content by industry leaders: http://www.gastechnews.com/
Follow us on Twitter for regular gas and LNG news updates: @GastechInsights

4:03

Put AI to work in the Oil & Gas industry

Put AI to work in the Oil & Gas industry

Put AI to work in the Oil & Gas industry

Humans have five senses, yet none of them can understand unstructured information. Watson helps the oil & gas industry surpass human limits and enables the kind of decision making that keeps operations running at full speed.
Find out more at https://www.ibm.com/industries/oil-gas/big-data-analytics

11:23

Russia: the oil & gas superpower looks to Asian markets

Russia: the oil & gas superpower looks to Asian markets

Russia: the oil & gas superpower looks to Asian markets

Amidst upcoming presidential elections, & questions being raised over its ability to supply Europe with gas, Richard Swann, Stuart Elliott and William Powell discuss how energy giant Russia is turning its focus to key Asian oil & gas markets. They also assess the impact of Russia's domestic consumption of energy; the potential for more global competition for Russia's energy; & the huge implications of major energy infrastructure developments planned by Gazprom and others.

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Is...

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarity over the final 2015 field gas quota has triggered price volatility. Reginald Ajuonuma examines how the market expects yet more volatility in the coming months ahead of a government quota decision in July and a court ruling, due later this year, which could further cut output.

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shuttle operation for FloatingCompressed Natural Gas (FCNG), the transportation of natural gas from a Floating Production unit (FPSO) or platform to market. This innovative solution is capable of monetizing offshore fields less than 5 TCF in size. These offshore transportation vessels can be augmented with Floating LNG (FLNG) to produce larger fields for global delivery or used as a stand alone regional solution.
Simpler and less expensive compression allows smaller offshore fields to be produced into CNG tankers and taken to markets seeking to switch from oil or diesel to natural gas. The operation is very similar to how oil tankers...

Here's a quick look at the factors that could move the energy and commodity markets this week.
More Platts insights, news and analysis here: http://plts.co/4E3D30a3Nyd

published: 20 Mar 2017

HUTIRA - BRNO successfully expands to new markets GB

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player in the field of production and supply solutions for the power industry and the gas industry. Furthermore, in 2013 Hutira is expanding to new foreign markets.
The regulation unit for the gas power plant in Ghana in Africa was produced in this production facility in its new container design. The regulation unit is assembled right here in this workshop into containers and also completely tested. The advantage of such a solution is the easy transportation of the whole container and then it is easy to connect up and commission. The gas power plant is located in the city of Tema, which is the most important port of Ghana close to the ca...

In this week's #PlattsMM Europe highlights: Key reports on the global #oil market are due out after Brent hit $70 a barrel; a Dutch government decision on a key European #natgas field is eagerly awaited; and the European #steel sector is bracing itself for a US trade ruling.
Our social media question is: What do you think the outcome of the latest #Groningen earthquake will be for the gas market? Tweet us using the hashtag #PlattsMM.
S&P Global PlattsSenior Editor, Central Editing Desk, Jon Dart, explores these and other topics that may impact Europe's commodity markets this week:
* Groningen earthquakes
* Grand coalition or big falling out in Germany?
* German Cal 20 power
* US trade ruling on European steel eyed
----------------------------------
Subscribe for more #PlattsMM updates:...

published: 15 Jan 2018

Why do competitors open their stores next to one another? - Jac de Haan

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.

published: 01 Oct 2012

Israel & Lebanon Gas Dispute

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of massive natural gas fields in the Eastern Mediterranean by Texas based Noble Energy & Israeli consortiums. Discoveries within arms reach of the Israeli coast and within our territorial waters. In 2009 the TamarIsrael discovery rippled across energy markets, Tamar discoveries can power 50% of Israel's energy needs for the next 4 decades.
Now in 2010 a new unbelievably larger reserve named Leviathan may yield massive amounts of natural gas, estimated at possibly twice the size of Tamar! If Leviathan yields, it can transform Israel into a global energy exporter.
The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in ...

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

NGL Markets and Economics

Discuss the fundamentals of the NGLMarket, its economic affects and best practices for managin risk.

published: 12 Nov 2014

Panel Discussion - Gas Markets Exploration and Production 5/5

A company whose principal activities consist of exploration for mineral, oil or gas may not progress to the next stage of development or to a stage where it is able to generate revenue. Other industry specific risks must also be considered.
"Gas Markets, Exploration & Production" (6 Nov 2013)
Upstream Oil & Gas companies are the most hotly traded stocks on SGX, with an annual turnover velocity of more than 350%, a rate which is more than 6 times that of a typical stock. Investors want to gain exposure to energy commodities, including companies involved in exploration and production of oil & gas.
What should investors look out for in the oil & gas market? Which leads us to the questions of how do companies explore for gas? And, what is "unconventional" gas?
Join our speakers Ms Mak...

published: 27 Nov 2013

Shaybah Oil Field Saudi Arabia ARAMCO Oil and Gas Field

Ever wonder where our oil comes from?
Here is a rarely seen view from Shaybah Oil Field in Saudi Arabia.
Shaybah oilfield in Saudi Arabia is a major oil crude producing site south of the United Arab Emirates.
This was taking during a tour of the Aramco site. The oil refinery produces 750,000 barrels of crude oil per day and also natural gas. The new facility costs $2 billion and was created in 1998 does a relatively new field -- Aramco city within shaver houses approximately 2000 people. The site is very high-security and very interesting great deal of ingenuity by American and British and Saudi contractors to create the city. His in his own known as the empty Quarter which is a desert area with no inhabitants for hundreds of miles.
The word Shaybah means old man in Saudi Arabia and was...

published: 06 Sep 2012

BP discusses its major projects and how to invest in emerging LNG markets

In this interview, Gastech Insights spoke to Head of InternationalGas, IST, David Knipe to hear more about upcoming projects and his view on the role of gas and LNG in the global energy sector.
Join us at the world's largest global gas and LNG event next year: http://www.gastechevent.com
Subscribe to our Gastech News newsletter to receive unique gas & LNG content by industry leaders: http://www.gastechnews.com/
Follow us on Twitter for regular gas and LNG news updates: @GastechInsights

published: 21 Jun 2017

Put AI to work in the Oil & Gas industry

Humans have five senses, yet none of them can understand unstructured information. Watson helps the oil & gas industry surpass human limits and enables the kind of decision making that keeps operations running at full speed.
Find out more at https://www.ibm.com/industries/oil-gas/big-data-analytics

published: 22 Mar 2018

Russia: the oil & gas superpower looks to Asian markets

Amidst upcoming presidential elections, & questions being raised over its ability to supply Europe with gas, Richard Swann, Stuart Elliott and William Powell discuss how energy giant Russia is turning its focus to key Asian oil & gas markets. They also assess the impact of Russia's domestic consumption of energy; the potential for more global competition for Russia's energy; & the huge implications of major energy infrastructure developments planned by Gazprom and others.

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could ea...

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.EnglishFollow us on Twitter:
https://twitter.com/France24_en

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.EnglishFollow us on Twitter:
https://twitter.com/France24_en

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarit...

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarity over the final 2015 field gas quota has triggered price volatility. Reginald Ajuonuma examines how the market expects yet more volatility in the coming months ahead of a government quota decision in July and a court ruling, due later this year, which could further cut output.

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarity over the final 2015 field gas quota has triggered price volatility. Reginald Ajuonuma examines how the market expects yet more volatility in the coming months ahead of a government quota decision in July and a court ruling, due later this year, which could further cut output.

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shutt...

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shuttle operation for FloatingCompressed Natural Gas (FCNG), the transportation of natural gas from a Floating Production unit (FPSO) or platform to market. This innovative solution is capable of monetizing offshore fields less than 5 TCF in size. These offshore transportation vessels can be augmented with Floating LNG (FLNG) to produce larger fields for global delivery or used as a stand alone regional solution.
Simpler and less expensive compression allows smaller offshore fields to be produced into CNG tankers and taken to markets seeking to switch from oil or diesel to natural gas. The operation is very similar to how oil tankers transport gas from FPSOs. Marine CNG ships can now transport associated gas from oil production or larger volumes from gas field developments.

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shuttle operation for FloatingCompressed Natural Gas (FCNG), the transportation of natural gas from a Floating Production unit (FPSO) or platform to market. This innovative solution is capable of monetizing offshore fields less than 5 TCF in size. These offshore transportation vessels can be augmented with Floating LNG (FLNG) to produce larger fields for global delivery or used as a stand alone regional solution.
Simpler and less expensive compression allows smaller offshore fields to be produced into CNG tankers and taken to markets seeking to switch from oil or diesel to natural gas. The operation is very similar to how oil tankers transport gas from FPSOs. Marine CNG ships can now transport associated gas from oil production or larger volumes from gas field developments.

ItalyOil and Gas Markets Outlook to 2025 - Supply, Demand, InvestmentOpportunities, Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets) and Competition @ http://www.reportsnreports.com/reports/275210-italy-oil-and-gas-markets-outlook-to-2025-supply-demand-investment-opportunities-infrastructure-fields-blocks-pipelines-lng-refinery-storage-assets-and-competition.html
Italy Oil and Gas Markets Outlook to 2025 from Researcher provides comprehensive analysis and forecasts of the Italy Oil and Gas market between 2000 and 2025. Covering the entire value chain of the industry, the report analyzes each of the oil and gas segments in Italy including upstream sector, pipeline, refinery, LNG and storage sectors. Further, detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided, highlighting the growth potential and feasibility of projects.
Production and Consumption forecasts of Italy oil, gas, gasoline, LPG, kerosene, diesel oil, coal, LNG and electricity to 2025 are provided. Further, the report examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors. It also identifies the key challenges, drivers and restraints in the country's oil and gas industry and the impact of these metrics on the industry.

ItalyOil and Gas Markets Outlook to 2025 - Supply, Demand, InvestmentOpportunities, Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets) and Competition @ http://www.reportsnreports.com/reports/275210-italy-oil-and-gas-markets-outlook-to-2025-supply-demand-investment-opportunities-infrastructure-fields-blocks-pipelines-lng-refinery-storage-assets-and-competition.html
Italy Oil and Gas Markets Outlook to 2025 from Researcher provides comprehensive analysis and forecasts of the Italy Oil and Gas market between 2000 and 2025. Covering the entire value chain of the industry, the report analyzes each of the oil and gas segments in Italy including upstream sector, pipeline, refinery, LNG and storage sectors. Further, detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided, highlighting the growth potential and feasibility of projects.
Production and Consumption forecasts of Italy oil, gas, gasoline, LPG, kerosene, diesel oil, coal, LNG and electricity to 2025 are provided. Further, the report examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors. It also identifies the key challenges, drivers and restraints in the country's oil and gas industry and the impact of these metrics on the industry.

HUTIRA - BRNO successfully expands to new markets GB

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player ...

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player in the field of production and supply solutions for the power industry and the gas industry. Furthermore, in 2013 Hutira is expanding to new foreign markets.
The regulation unit for the gas power plant in Ghana in Africa was produced in this production facility in its new container design. The regulation unit is assembled right here in this workshop into containers and also completely tested. The advantage of such a solution is the easy transportation of the whole container and then it is easy to connect up and commission. The gas power plant is located in the city of Tema, which is the most important port of Ghana close to the capital Accra.
The video was produced by the television and advertising company TVF http://www.tvf.cz

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player in the field of production and supply solutions for the power industry and the gas industry. Furthermore, in 2013 Hutira is expanding to new foreign markets.
The regulation unit for the gas power plant in Ghana in Africa was produced in this production facility in its new container design. The regulation unit is assembled right here in this workshop into containers and also completely tested. The advantage of such a solution is the easy transportation of the whole container and then it is easy to connect up and commission. The gas power plant is located in the city of Tema, which is the most important port of Ghana close to the capital Accra.
The video was produced by the television and advertising company TVF http://www.tvf.cz

$38 BILLION gas PROJECT
RUSSIAN GASGiant 'Gazprom' TO Supply ASIAN MARKETS
Moscow Region, Russia
October 29, 2012
-Video from RIA Novosti
(Видео с Российское агентство международных новостей)
Russian PresidentVladimir Putin met with Gazprom CEO Aleksey Miller at the presidential residence outside Moscow on Monday.
The discussions focused on the Eastern GasProgram, the development of gas fields in Siberia, and the construction of new pipeline routes.
Putin said the state-run gas company should accelerate prospecting at the Chayanda gas field in Yakutia and the construction of a pipeline linking to Vladivostok on the Pacific coast.
Miller reported that overall investments to fulfil these tasks will be around 1.2 trillion rubles ($38 billion).
"Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline", he said.
The project is aimed at boosting Gazprom's presence on Asia-Pacific markets.
"This is the largest market in the world, and one that is developing very swiftly... So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones", Miller told Putin.
*
Aleksey Miller, Gazprom CEO (speaking Russian):
Mr. Putin, Gazprom has been consistently implementing the Eastern Gas Programme. Two gas-production centres have been created -- in Kamchatka and Sakhalin. Two gas-main pipelines have been built -- from Sobolevo to Petropavlovsk-Kamchatsky and from Sakhalin through Khabarovsk to Vladivostok.
As of today, Gazprom continues operating in Sakhalin where a new gas field called Kirinskoye will be introduced in 2013 -- unique for its sea-bed technology, for the first time in Russia. Now that the work on developing the gas fields in Sakhalin and Kamchatka has begun we are tasking ourselves to start the second phase of the Eastern Gas Programme and create new gas-production centres. First of all, it concerns...
Vladimir Putin, Russian President (speaking Russian):
It'sKovykta in Irkutsk and [a centre in Yakutia] Chayanda?
Miller: Yes. Chayanda is the main gas field of the Yakutsk gas-production centre. The overall prospected resources comprise 53 trillion cubic metres of gas in EastSiberian and Far Eastern mainland and 15 trillion cubic metres of gas in the shelf.
Putin: How much is there here in Irkutsk?
Miller: The Irkutsk gas-production centre's prospected resources are estimated to have 3.7 billion [?trillion] cu.m.
Putin: How much is here?
Miller: It's 2.5 billion [?trillion] cu.m and it's 1.2 trillion cubic metres at the Chayandinskoye field. On the whole, the region has been prospected only slightly -- eight per cent of the mainland and six per cent of the shelf.
Putin: Are you planning to lay the pipe to the East from Yakutia first?
Miller: We believe it's a priority to start developing the Chayadinskoye gas field, to be followed by the Kovyktinskoye gas field along with the Irkutsk production centre, the stage to follow being the Krasnoyarsk centre.
Having started the operations at the Chayandinskoye gas field we are planning to lay a gas-main pipeline from Yakutia through Khabarovsk to Vladivostok -- 3,200 km long, after which as we develop the Kovyktinskoye gas field in parallel we'll start building the second part of the pipeline from Yakutia, 800 km long.
Putin: So as to connect these two gas fields? What about a pipeline to the west from here?
Miller: Delivery of gas from the Irkutsk gas-production centre to the west is envisaged, too -- towards Krasnoyarsk, Novosibirsk and Omsk -- it's more than 2,000 km. Thus we are planning to get the eastern part of our country, Eastern Siberia connected to Western Siberia, the main consumption centre.
Putin: This is how we will get an integrated gas supply system.
Miller: An integrated system for the whole Russia.
Miller: The investment feasibility study has been approved. Speaking of the new Pacific gas pipeline, we expect it to be built by the end of 2017. We are also planning to build a new gas liquefaction plant somewhere in Vladivostok. We do give priority to domestic markets but we are genuinely interested in setting up a new center for Russian gas exports to Asia-Pacific.
You know that this is the largest market in the world, and one that is developing very swiftly. Some of the most rapidly growing markets include China, India, Japan, Korea, Taiwan, Thailand, Bangladesh, Singapore and Vietnam. So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones.
Miller: Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline.
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$38 BILLION gas PROJECT
RUSSIAN GASGiant 'Gazprom' TO Supply ASIAN MARKETS
Moscow Region, Russia
October 29, 2012
-Video from RIA Novosti
(Видео с Российское агентство международных новостей)
Russian PresidentVladimir Putin met with Gazprom CEO Aleksey Miller at the presidential residence outside Moscow on Monday.
The discussions focused on the Eastern GasProgram, the development of gas fields in Siberia, and the construction of new pipeline routes.
Putin said the state-run gas company should accelerate prospecting at the Chayanda gas field in Yakutia and the construction of a pipeline linking to Vladivostok on the Pacific coast.
Miller reported that overall investments to fulfil these tasks will be around 1.2 trillion rubles ($38 billion).
"Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline", he said.
The project is aimed at boosting Gazprom's presence on Asia-Pacific markets.
"This is the largest market in the world, and one that is developing very swiftly... So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones", Miller told Putin.
*
Aleksey Miller, Gazprom CEO (speaking Russian):
Mr. Putin, Gazprom has been consistently implementing the Eastern Gas Programme. Two gas-production centres have been created -- in Kamchatka and Sakhalin. Two gas-main pipelines have been built -- from Sobolevo to Petropavlovsk-Kamchatsky and from Sakhalin through Khabarovsk to Vladivostok.
As of today, Gazprom continues operating in Sakhalin where a new gas field called Kirinskoye will be introduced in 2013 -- unique for its sea-bed technology, for the first time in Russia. Now that the work on developing the gas fields in Sakhalin and Kamchatka has begun we are tasking ourselves to start the second phase of the Eastern Gas Programme and create new gas-production centres. First of all, it concerns...
Vladimir Putin, Russian President (speaking Russian):
It'sKovykta in Irkutsk and [a centre in Yakutia] Chayanda?
Miller: Yes. Chayanda is the main gas field of the Yakutsk gas-production centre. The overall prospected resources comprise 53 trillion cubic metres of gas in EastSiberian and Far Eastern mainland and 15 trillion cubic metres of gas in the shelf.
Putin: How much is there here in Irkutsk?
Miller: The Irkutsk gas-production centre's prospected resources are estimated to have 3.7 billion [?trillion] cu.m.
Putin: How much is here?
Miller: It's 2.5 billion [?trillion] cu.m and it's 1.2 trillion cubic metres at the Chayandinskoye field. On the whole, the region has been prospected only slightly -- eight per cent of the mainland and six per cent of the shelf.
Putin: Are you planning to lay the pipe to the East from Yakutia first?
Miller: We believe it's a priority to start developing the Chayadinskoye gas field, to be followed by the Kovyktinskoye gas field along with the Irkutsk production centre, the stage to follow being the Krasnoyarsk centre.
Having started the operations at the Chayandinskoye gas field we are planning to lay a gas-main pipeline from Yakutia through Khabarovsk to Vladivostok -- 3,200 km long, after which as we develop the Kovyktinskoye gas field in parallel we'll start building the second part of the pipeline from Yakutia, 800 km long.
Putin: So as to connect these two gas fields? What about a pipeline to the west from here?
Miller: Delivery of gas from the Irkutsk gas-production centre to the west is envisaged, too -- towards Krasnoyarsk, Novosibirsk and Omsk -- it's more than 2,000 km. Thus we are planning to get the eastern part of our country, Eastern Siberia connected to Western Siberia, the main consumption centre.
Putin: This is how we will get an integrated gas supply system.
Miller: An integrated system for the whole Russia.
Miller: The investment feasibility study has been approved. Speaking of the new Pacific gas pipeline, we expect it to be built by the end of 2017. We are also planning to build a new gas liquefaction plant somewhere in Vladivostok. We do give priority to domestic markets but we are genuinely interested in setting up a new center for Russian gas exports to Asia-Pacific.
You know that this is the largest market in the world, and one that is developing very swiftly. Some of the most rapidly growing markets include China, India, Japan, Korea, Taiwan, Thailand, Bangladesh, Singapore and Vietnam. So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones.
Miller: Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline.
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In this week's #PlattsMM Europe highlights: Key reports on the global #oil market are due out after Brent hit $70 a barrel; a Dutch government decision on a key European #natgas field is eagerly awaited; and the European #steel sector is bracing itself for a US trade ruling.
Our social media question is: What do you think the outcome of the latest #Groningen earthquake will be for the gas market? Tweet us using the hashtag #PlattsMM.
S&P Global PlattsSenior Editor, Central Editing Desk, Jon Dart, explores these and other topics that may impact Europe's commodity markets this week:
* Groningen earthquakes
* Grand coalition or big falling out in Germany?
* German Cal 20 power
* US trade ruling on European steel eyed
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Keep up to date with all the latest S&P Global Platts news by tweeting us at @SPGlobalPlatts and by using the hashtag
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In this week's #PlattsMM Europe highlights: Key reports on the global #oil market are due out after Brent hit $70 a barrel; a Dutch government decision on a key European #natgas field is eagerly awaited; and the European #steel sector is bracing itself for a US trade ruling.
Our social media question is: What do you think the outcome of the latest #Groningen earthquake will be for the gas market? Tweet us using the hashtag #PlattsMM.
S&P Global PlattsSenior Editor, Central Editing Desk, Jon Dart, explores these and other topics that may impact Europe's commodity markets this week:
* Groningen earthquakes
* Grand coalition or big falling out in Germany?
* German Cal 20 power
* US trade ruling on European steel eyed
----------------------------------
Subscribe for more #PlattsMM updates: http://plts.co/w7hd30cmrHv
----------------------------------
Keep up to date with all the latest S&P Global Platts news by tweeting us at @SPGlobalPlatts and by using the hashtag
#PlattsMM: http://plts.co/2nkL30cH5XQ
----------------------------------
You can also follow all our latest updates by following us on:
Website: https://www.platts.com/
Facebook: http://plts.co/ng5Q30cqflH
Twitter: http://plts.co/AgIW30cqfnk
LinkedIn: http://plts.co/YNL530cqfk1

Why do competitors open their stores next to one another? - Jac de Haan

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, c...

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of massive natural gas fields in the Eastern Mediterranean by Texas based Noble Energy & Israeli consortiums. Discoveries within arms reach of the Israeli coast and within our territorial waters. In 2009 the TamarIsrael discovery rippled across energy markets, Tamar discoveries can power 50% of Israel's energy needs for the next 4 decades.
Now in 2010 a new unbelievably larger reserve named Leviathan may yield massive amounts of natural gas, estimated at possibly twice the size of Tamar! If Leviathan yields, it can transform Israel into a global energy exporter.
The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in 2009, and position Israel as a gas exporter in coming years. Today is a day of celebration for all of us. The State of Israel is an energy independent country.
Lebanon & Its Embarrassing, Ugly Islamic StepChild -- Hezbollah
Of course, If Israel has it, you can rest assured Hezbollah wants to lay its greedy little Islamofacist hands on it. The exploratory permits licensed to Noble and its partners where these discoveries are being made are clearly off Israeli waters.

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of massive natural gas fields in the Eastern Mediterranean by Texas based Noble Energy & Israeli consortiums. Discoveries within arms reach of the Israeli coast and within our territorial waters. In 2009 the TamarIsrael discovery rippled across energy markets, Tamar discoveries can power 50% of Israel's energy needs for the next 4 decades.
Now in 2010 a new unbelievably larger reserve named Leviathan may yield massive amounts of natural gas, estimated at possibly twice the size of Tamar! If Leviathan yields, it can transform Israel into a global energy exporter.
The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in 2009, and position Israel as a gas exporter in coming years. Today is a day of celebration for all of us. The State of Israel is an energy independent country.
Lebanon & Its Embarrassing, Ugly Islamic StepChild -- Hezbollah
Of course, If Israel has it, you can rest assured Hezbollah wants to lay its greedy little Islamofacist hands on it. The exploratory permits licensed to Noble and its partners where these discoveries are being made are clearly off Israeli waters.

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines...

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

Panel Discussion - Gas Markets Exploration and Production 5/5

A company whose principal activities consist of exploration for mineral, oil or gas may not progress to the next stage of development or to a stage where it is ...

A company whose principal activities consist of exploration for mineral, oil or gas may not progress to the next stage of development or to a stage where it is able to generate revenue. Other industry specific risks must also be considered.
"Gas Markets, Exploration & Production" (6 Nov 2013)
Upstream Oil & Gas companies are the most hotly traded stocks on SGX, with an annual turnover velocity of more than 350%, a rate which is more than 6 times that of a typical stock. Investors want to gain exposure to energy commodities, including companies involved in exploration and production of oil & gas.
What should investors look out for in the oil & gas market? Which leads us to the questions of how do companies explore for gas? And, what is "unconventional" gas?
Join our speakers Ms Maki Ikeda and Mr StuartTraver of Gaffney, Cline & Associates (GCA), a global consultancy offering technical, commercial and strategic advice to the petroleum sector as well as our guest panelist Mr Alberto Migliucci, CEO and founder of PetraCommodities, a natural resource specialist as they share their insights at this forum.

A company whose principal activities consist of exploration for mineral, oil or gas may not progress to the next stage of development or to a stage where it is able to generate revenue. Other industry specific risks must also be considered.
"Gas Markets, Exploration & Production" (6 Nov 2013)
Upstream Oil & Gas companies are the most hotly traded stocks on SGX, with an annual turnover velocity of more than 350%, a rate which is more than 6 times that of a typical stock. Investors want to gain exposure to energy commodities, including companies involved in exploration and production of oil & gas.
What should investors look out for in the oil & gas market? Which leads us to the questions of how do companies explore for gas? And, what is "unconventional" gas?
Join our speakers Ms Maki Ikeda and Mr StuartTraver of Gaffney, Cline & Associates (GCA), a global consultancy offering technical, commercial and strategic advice to the petroleum sector as well as our guest panelist Mr Alberto Migliucci, CEO and founder of PetraCommodities, a natural resource specialist as they share their insights at this forum.

Ever wonder where our oil comes from?
Here is a rarely seen view from Shaybah Oil Field in Saudi Arabia.
Shaybah oilfield in Saudi Arabia is a major oil crude producing site south of the United Arab Emirates.
This was taking during a tour of the Aramco site. The oil refinery produces 750,000 barrels of crude oil per day and also natural gas. The new facility costs $2 billion and was created in 1998 does a relatively new field -- Aramco city within shaver houses approximately 2000 people. The site is very high-security and very interesting great deal of ingenuity by American and British and Saudi contractors to create the city. His in his own known as the empty Quarter which is a desert area with no inhabitants for hundreds of miles.
The word Shaybah means old man in Saudi Arabia and was named this because of the shape of the area.
Sheila has extreme weather with extremely hot and actually cold temperatures regular dust storms. It was an incredible engineering marvel to create the city and supply the infrastructure needed to build the original roads and airfield and other infrastructure needed to complete the initial construction.
The oil reserves of shape are estimated to be over 14 billion barrels of crude oil and approximately 25,000,000,000,000 ft.³ of natural gas the product the project was first started in 1998 and now is responsible for 750 million barrels of oil per day.
BruceFenton is narrator and video owner and works as an economic advisor focused on emerging markets such as the Middle East- he is the founder and President of Atlantic Financial Inc. (www.atlanticfinancial.com) -- creative commons copyright- you have permission to use this video for any purpose provided it is unedited and credit is given.
Bruce can be reached at www.brucefenton.com
Please connect on Facebook www.facebook.com/brucefenton

Ever wonder where our oil comes from?
Here is a rarely seen view from Shaybah Oil Field in Saudi Arabia.
Shaybah oilfield in Saudi Arabia is a major oil crude producing site south of the United Arab Emirates.
This was taking during a tour of the Aramco site. The oil refinery produces 750,000 barrels of crude oil per day and also natural gas. The new facility costs $2 billion and was created in 1998 does a relatively new field -- Aramco city within shaver houses approximately 2000 people. The site is very high-security and very interesting great deal of ingenuity by American and British and Saudi contractors to create the city. His in his own known as the empty Quarter which is a desert area with no inhabitants for hundreds of miles.
The word Shaybah means old man in Saudi Arabia and was named this because of the shape of the area.
Sheila has extreme weather with extremely hot and actually cold temperatures regular dust storms. It was an incredible engineering marvel to create the city and supply the infrastructure needed to build the original roads and airfield and other infrastructure needed to complete the initial construction.
The oil reserves of shape are estimated to be over 14 billion barrels of crude oil and approximately 25,000,000,000,000 ft.³ of natural gas the product the project was first started in 1998 and now is responsible for 750 million barrels of oil per day.
BruceFenton is narrator and video owner and works as an economic advisor focused on emerging markets such as the Middle East- he is the founder and President of Atlantic Financial Inc. (www.atlanticfinancial.com) -- creative commons copyright- you have permission to use this video for any purpose provided it is unedited and credit is given.
Bruce can be reached at www.brucefenton.com
Please connect on Facebook www.facebook.com/brucefenton

In this interview, Gastech Insights spoke to Head of InternationalGas, IST, David Knipe to hear more about upcoming projects and his view on the role of gas and LNG in the global energy sector.
Join us at the world's largest global gas and LNG event next year: http://www.gastechevent.com
Subscribe to our Gastech News newsletter to receive unique gas & LNG content by industry leaders: http://www.gastechnews.com/
Follow us on Twitter for regular gas and LNG news updates: @GastechInsights

In this interview, Gastech Insights spoke to Head of InternationalGas, IST, David Knipe to hear more about upcoming projects and his view on the role of gas and LNG in the global energy sector.
Join us at the world's largest global gas and LNG event next year: http://www.gastechevent.com
Subscribe to our Gastech News newsletter to receive unique gas & LNG content by industry leaders: http://www.gastechnews.com/
Follow us on Twitter for regular gas and LNG news updates: @GastechInsights

Put AI to work in the Oil & Gas industry

Humans have five senses, yet none of them can understand unstructured information. Watson helps the oil & gas industry surpass human limits and enables the kind...

Humans have five senses, yet none of them can understand unstructured information. Watson helps the oil & gas industry surpass human limits and enables the kind of decision making that keeps operations running at full speed.
Find out more at https://www.ibm.com/industries/oil-gas/big-data-analytics

Humans have five senses, yet none of them can understand unstructured information. Watson helps the oil & gas industry surpass human limits and enables the kind of decision making that keeps operations running at full speed.
Find out more at https://www.ibm.com/industries/oil-gas/big-data-analytics

Amidst upcoming presidential elections, & questions being raised over its ability to supply Europe with gas, Richard Swann, Stuart Elliott and William Powell discuss how energy giant Russia is turning its focus to key Asian oil & gas markets. They also assess the impact of Russia's domestic consumption of energy; the potential for more global competition for Russia's energy; & the huge implications of major energy infrastructure developments planned by Gazprom and others.

Amidst upcoming presidential elections, & questions being raised over its ability to supply Europe with gas, Richard Swann, Stuart Elliott and William Powell discuss how energy giant Russia is turning its focus to key Asian oil & gas markets. They also assess the impact of Russia's domestic consumption of energy; the potential for more global competition for Russia's energy; & the huge implications of major energy infrastructure developments planned by Gazprom and others.

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Is...

published: 12 May 2017

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

Wall Street Warriors | Episode 1 Season 3 "Enter the Bears" [HD]

The first episode of Season 3 (the lost season!) of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"Enter the Bears"
The 3rd season opener gives a behind-the-scenes look at the New York and Chicago financial districts just as the credit crunch begins to unfold. Fearing a deep recession, sibling stock brokers, Phil & Ken, argue over how best to protect their client's money. Doug, a floor trader on Chicago's famous outcry pits, shows what it takes to be a survivor in the cut-throat environment. Meanwhile, Kristi, CEO of a new online trading firm, Think or Swim, stresses ou...

published: 10 Mar 2016

Regional Natural Gas Game-Changers: Securing Supplies amid Volatility

TPQ’s 6th annual energy roundtable discussion revolved around Southern Gas Corridor (SGC) dynamics and the politics of energy diversification. We assessed potential game-changers – including the proposed TurkStream project, prospects for US LNG exports to Europe, the discovery of the Zohr natural gas field off the Egyptian coast – and their wider implications for the regional energy landscape. We also explored the extent to which increasing volatility in Turkey and its neighborhood is impacting markets and cooperation between energy partners.

Floating liquefied natural gas (FLNG) refers to water-based liquefied natural gas (LNG) operations employing technologies designed to enable the development of offshore natural gas resources. Floating above an offshore natural gas field the FLNG facility produces liquefies stores and transfers LNG (and potentially LPG and condensate) at sea before carriers ship it directly to markets. The world's first completed FLNG production facility is the PFLNG Satu located in Kanowit gas field off the shore of Sarawak in Malaysia. Petronas is the owner of the platform and first cargo was loaded onto the 150200-cbm SeriCamelliaLNG carrier on 03 April 2017. Multiple other FLNG facilities are in development. Another FLNG facility developed by Exmar NV using Black & Veatch PRICO(R) technology passed pe...

published: 01 May 2018

THE U.S. SHALE OIL PONZI SCHEME EXPLAINED

The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale fields experience. I explain in detail why the U.S. Shale Oil Industry is nothing more than the typical Ponzi Scheme.

published: 18 May 2018

IEA Oil Market Report 2017

The CSISEnergy & National SecurityProgram is pleased to host Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency, to present the IEA's Oil MarketReport 2017.
In late 2016, leading oil producers put together the most comprehensive agreement to limit oil output seen since 2009 to ensure the stabilization of oil prices and avoid economic dislocation in producing countries. Underscored by well-supplied oil markets, and this new period of production management, the Oil Market Report projects the following trends through 2022:
Oil Demand is expected to grow strongly at least to 2022, with main developing economies leading the way.
The need for more production capacity becomes apparent by the end of the decade, even if supply appears plentiful...

published: 16 Mar 2017

Iran: Potential and Implications of a Full Return to Energy Markets, Dr. Sara Vakhshouri, ECSSR

This speech was delivered by Philippe Charlez at the URTEC annual conference held in Austin in July 2017. The topic deals with resilience (stable production in spite of a dramatic decrease in drilling and fracturing activities following collapse of prices) and flexibility (possible stop and go within very short periods) of shales. These two specificities greatly explain why shale has replaced OPEC as a new oil swing. Given the current break-even of shale oil it is anticipated that oil price should swing between 40 and 60 US$ over the next five years.

Liquefied natural gas

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 kPa (4 psi).
LNG achieves a higher reduction in volume than compressed natural gas ...

On Tuesday 31 March 2015, Stochastic Simulation's Dr AndrewWadsley presented at an SPE Lecture on "Using Integrated Asset Modelling to Improve Oil and Gas Planning Decisions in a VolatileMarket."
Dr Wadsley is well known and highly respected across the industry, which resulted in a packed house to listen to his entertaining and thought provoking presentation.
ABSTRACT OF TALK
Crude Oil has been our primary energy driver for a number of decades and the current fluctuation in oil price puts many operators’ future investments in limbo. Natural gas exploration, production and distribution however, have increased tremendously in recent years. Oil production primarily focuses on maximising liquid hydrocarbon recovery and minimising gas production, whereas gas production is typically driven b...

East Mediterranean Gas Prospects: Production and Markets Panel I (1)

published: 06 Dec 2016

Water Fuel Technology For Everyone - AquaTune Hydrogen Fuel Systems

DirectLink to AquaTune HydrogenFuelSystems: http://aquatuneinternational.myshopify.com?aff=7
The AquaTune Hydrogen Fuel System is distinctly different than the over 200 year old approach to Hydrogen and Oxygen production from the water molecule via Electrolysis.
This is not traditional Electrolysis- in that- AquaTune is not using high amperage to break the water molecules covalent bond. AquaTune also does not use a PWM(pulse width modulator) which many traditional Electrolysis TypeHHO Cells Use.
The AquaTune Water Fuel Technology uses Hydrogen Producing Capacitors- which produce 2.5 Liters Of Hydrogen Per Minute- while under the vacuum conditions generated by the gasoline powered engine(suction & volume of air flow- past the venturi nozzles- inside the intake manifold). The vacuum s...

published: 04 Jan 2013

Challenges and Prospects for U.S. and Canadian Gas Exports: Discussion of Markets and Logistics

East Mediterranean Gas Prospects: Production and Markets Panel I (2)

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could ea...

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
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Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
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« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines...

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

The Center on GlobalEnergy Policy was pleased to host a presentation and discussion of the 2015 Medium-Term GasMarketReport. Ms. Costanza Jacazio, Senior Gas Expert in the Gas, Coal and PowerDivision at the International Energy Agency, presented the report after which CenterDirectorJason Bordoff moderated a discussion featuring:
Ms. Jacazio;
Majed Limam, LNG & Natural Gas Consulting, Poten & Partners, and;
Leslie Palti-Guzman, Director of Global Gas, The Rapidan Group and Fellow, Center on Global Energy Policy
The 2015 Medium-Term Gas Market Report provides a detailed analysis of demand, upstream investment and trade developments for the next five years that will shape the gas industry and the role of gas in the global energy system. In particular, the report looks at the impact on global gas markets of Russias strategic shift in its gas export policy and the rising tide of liquefied natural gas supplies. The 2015 edition also features two special analyses, the first looks at the progress that Europe has made in enhancing security of supply in the region since 2010, and the second takes a close look at reforms to the gas and electricity sector in Mexico and their impacts on North American gas markets.

The Center on GlobalEnergy Policy was pleased to host a presentation and discussion of the 2015 Medium-Term GasMarketReport. Ms. Costanza Jacazio, Senior Gas Expert in the Gas, Coal and PowerDivision at the International Energy Agency, presented the report after which CenterDirectorJason Bordoff moderated a discussion featuring:
Ms. Jacazio;
Majed Limam, LNG & Natural Gas Consulting, Poten & Partners, and;
Leslie Palti-Guzman, Director of Global Gas, The Rapidan Group and Fellow, Center on Global Energy Policy
The 2015 Medium-Term Gas Market Report provides a detailed analysis of demand, upstream investment and trade developments for the next five years that will shape the gas industry and the role of gas in the global energy system. In particular, the report looks at the impact on global gas markets of Russias strategic shift in its gas export policy and the rising tide of liquefied natural gas supplies. The 2015 edition also features two special analyses, the first looks at the progress that Europe has made in enhancing security of supply in the region since 2010, and the second takes a close look at reforms to the gas and electricity sector in Mexico and their impacts on North American gas markets.

The first episode of Season 3 (the lost season!) of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"Enter the Bears"
The 3rd season opener gives a behind-the-scenes look at the New York and Chicago financial districts just as the credit crunch begins to unfold. Fearing a deep recession, sibling stock brokers, Phil & Ken, argue over how best to protect their client's money. Doug, a floor trader on Chicago's famous outcry pits, shows what it takes to be a survivor in the cut-throat environment. Meanwhile, Kristi, CEO of a new online trading firm, Think or Swim, stresses out trying to meet a major filing deadline while Rich, the Hedge Fund guy, tries to profit from the growing oil bubble.
Episode 2 "The FearGauge" is available here: https://youtu.be/A3Mhtb1c55o
Wall Street Warriors S3 Ep1:
Coming up next on Wall Street Warriors.
PHIL: Today's the start of the official bear market.
RICH: Stress levels are off the charts.
DOUG: The American economy is so weak right now.
KEN: We're down 13.
PHIL: You're [bleep]ing killing me here.
KRISTI: The tension is visible. Just keep me updated. Good-bye! Grrr! [laughs]
THE FLOOR TRADER
THE MARKET MAKER
THE COMPANY
THE OPTIONS TRADER
THE MONEY
THE BROKERS
WALL STREET WARRIORS: ENTER THE BEARS
MARKETS ARE FALLING
THE CREDIT CRUNCH CONTINUES
HOUSING PRICES ARE PLUMMETING
OIL PRICES HAVE SOARED
TALK OF CRISIS HOVERS OVER WALL STREET…
CHICAGO
WORLDWIDE CAPITAL OF DERIVATIVES
S&P 500INDEX OPTIONS PIT
CHICAGO BOARD OPTIONS EXCHANGE
DOUG: This is like the Wild, Wild West of trading. There's more money than I've ever seen.
DOUG: A broker comes into the crowd with a 10,000-lot order,
and the premium on the order is huge, crazy money. Billions and billions of dollars are traded on a daily basis out here. It’sCapitalism to the extreme. A lot of people make a lot of good money down here, but you pay the price, too.
DOUG: Right now, we're in a little tricky area. The American public wants a rally, but any kind of move to the downside gets people panic. I think we could start having a problem in the market.
DOUG:I think the credit crisis is huge right now because when the U.S. economy gets bad, people run and they buy oil. They buy gold.
TRADER #2: There's a confidence that, uh, has eroded.
TRADER #3: There's a lot of money on the sidelines.
DOUG: The dollar's getting pounded because the American economy is so weak right now. There's a problem. I mean, there's-- there's a problem that has to be solved. Something's gotta be fixed.
NEW YORKFINANCIAL DISTRICT
KEN & PHILIP BRISARD STOCK BROKERS
PHIL: We can probably raise a cool $3 million out of that seminar.
Now, you had a ACAP come in last week. Did it settle?
KEN: Yeah. Well, it settled for about 620,000.
KEN: Today is definitely gonna mark a historic day because we are officially in a bear market.
PHIL: Front page of The Wall Street Journal, The New York Times, and all these other financial newspapers are calling this the "Great Depression."
KEN: We currently have oil, natural gas. The dollar's
at a 52-week low. And those three components of the economy
are hurting us really bad.
Right now you need to keep everyone calm, collected,
and tell them about the options strategy. Don't get into
the panic mode, 'cause everyone panics when everything's
going wrong. You know, no one can see the light of day. And this is what tells me there's opportunity all over the place.
Brisard & Brisard.
I'm a financial advisor. I've been doing this 14 1/2 years along with my partner, which is also my brother Ken.
We deal with stocks, bonds, and options.
Some people say don't do business with your family, but I don't know who else I could do business and trust.
The writing's on the wall. All you have to do is go the opposite way.
But every single day, myself and my brother, we reach a point
of, uh, disagreement.
You're a genius on that. And you know what?
No, you called me an idiot.
I called you an idiot on it because you know what?
I actually booked some of my clients out of the SKF right around $120 'cause the market...
Phil likes to do things his way.
HEDGE FUND MANAGER
RICH TAG: I watched the past three months oil go from 80 to 130.
But it's gonna turn, right? I mean, in the U.S., prices are high enough. In London, they're picketing, and they're burning
gas stations down, right?
Wall Street is feast or famine.
We just came out of five years of hyper growth, and boom, we got hit with the sub-prime crisis, and Wall Street started to pare back and lay off.
Stress levels are off the charts. There's a lot of hysteria in the markets now. Many of the energy hedge funds are flat or minus for the year.
Hedge funds are now managing a significant share,
probably 50% of America's investable assets.

The first episode of Season 3 (the lost season!) of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"Enter the Bears"
The 3rd season opener gives a behind-the-scenes look at the New York and Chicago financial districts just as the credit crunch begins to unfold. Fearing a deep recession, sibling stock brokers, Phil & Ken, argue over how best to protect their client's money. Doug, a floor trader on Chicago's famous outcry pits, shows what it takes to be a survivor in the cut-throat environment. Meanwhile, Kristi, CEO of a new online trading firm, Think or Swim, stresses out trying to meet a major filing deadline while Rich, the Hedge Fund guy, tries to profit from the growing oil bubble.
Episode 2 "The FearGauge" is available here: https://youtu.be/A3Mhtb1c55o
Wall Street Warriors S3 Ep1:
Coming up next on Wall Street Warriors.
PHIL: Today's the start of the official bear market.
RICH: Stress levels are off the charts.
DOUG: The American economy is so weak right now.
KEN: We're down 13.
PHIL: You're [bleep]ing killing me here.
KRISTI: The tension is visible. Just keep me updated. Good-bye! Grrr! [laughs]
THE FLOOR TRADER
THE MARKET MAKER
THE COMPANY
THE OPTIONS TRADER
THE MONEY
THE BROKERS
WALL STREET WARRIORS: ENTER THE BEARS
MARKETS ARE FALLING
THE CREDIT CRUNCH CONTINUES
HOUSING PRICES ARE PLUMMETING
OIL PRICES HAVE SOARED
TALK OF CRISIS HOVERS OVER WALL STREET…
CHICAGO
WORLDWIDE CAPITAL OF DERIVATIVES
S&P 500INDEX OPTIONS PIT
CHICAGO BOARD OPTIONS EXCHANGE
DOUG: This is like the Wild, Wild West of trading. There's more money than I've ever seen.
DOUG: A broker comes into the crowd with a 10,000-lot order,
and the premium on the order is huge, crazy money. Billions and billions of dollars are traded on a daily basis out here. It’sCapitalism to the extreme. A lot of people make a lot of good money down here, but you pay the price, too.
DOUG: Right now, we're in a little tricky area. The American public wants a rally, but any kind of move to the downside gets people panic. I think we could start having a problem in the market.
DOUG:I think the credit crisis is huge right now because when the U.S. economy gets bad, people run and they buy oil. They buy gold.
TRADER #2: There's a confidence that, uh, has eroded.
TRADER #3: There's a lot of money on the sidelines.
DOUG: The dollar's getting pounded because the American economy is so weak right now. There's a problem. I mean, there's-- there's a problem that has to be solved. Something's gotta be fixed.
NEW YORKFINANCIAL DISTRICT
KEN & PHILIP BRISARD STOCK BROKERS
PHIL: We can probably raise a cool $3 million out of that seminar.
Now, you had a ACAP come in last week. Did it settle?
KEN: Yeah. Well, it settled for about 620,000.
KEN: Today is definitely gonna mark a historic day because we are officially in a bear market.
PHIL: Front page of The Wall Street Journal, The New York Times, and all these other financial newspapers are calling this the "Great Depression."
KEN: We currently have oil, natural gas. The dollar's
at a 52-week low. And those three components of the economy
are hurting us really bad.
Right now you need to keep everyone calm, collected,
and tell them about the options strategy. Don't get into
the panic mode, 'cause everyone panics when everything's
going wrong. You know, no one can see the light of day. And this is what tells me there's opportunity all over the place.
Brisard & Brisard.
I'm a financial advisor. I've been doing this 14 1/2 years along with my partner, which is also my brother Ken.
We deal with stocks, bonds, and options.
Some people say don't do business with your family, but I don't know who else I could do business and trust.
The writing's on the wall. All you have to do is go the opposite way.
But every single day, myself and my brother, we reach a point
of, uh, disagreement.
You're a genius on that. And you know what?
No, you called me an idiot.
I called you an idiot on it because you know what?
I actually booked some of my clients out of the SKF right around $120 'cause the market...
Phil likes to do things his way.
HEDGE FUND MANAGER
RICH TAG: I watched the past three months oil go from 80 to 130.
But it's gonna turn, right? I mean, in the U.S., prices are high enough. In London, they're picketing, and they're burning
gas stations down, right?
Wall Street is feast or famine.
We just came out of five years of hyper growth, and boom, we got hit with the sub-prime crisis, and Wall Street started to pare back and lay off.
Stress levels are off the charts. There's a lot of hysteria in the markets now. Many of the energy hedge funds are flat or minus for the year.
Hedge funds are now managing a significant share,
probably 50% of America's investable assets.

TPQ’s 6th annual energy roundtable discussion revolved around Southern Gas Corridor (SGC) dynamics and the politics of energy diversification. We assessed potential game-changers – including the proposed TurkStream project, prospects for US LNG exports to Europe, the discovery of the Zohr natural gas field off the Egyptian coast – and their wider implications for the regional energy landscape. We also explored the extent to which increasing volatility in Turkey and its neighborhood is impacting markets and cooperation between energy partners.

TPQ’s 6th annual energy roundtable discussion revolved around Southern Gas Corridor (SGC) dynamics and the politics of energy diversification. We assessed potential game-changers – including the proposed TurkStream project, prospects for US LNG exports to Europe, the discovery of the Zohr natural gas field off the Egyptian coast – and their wider implications for the regional energy landscape. We also explored the extent to which increasing volatility in Turkey and its neighborhood is impacting markets and cooperation between energy partners.

Floating liquefied natural gas (FLNG) refers to water-based liquefied natural gas (LNG) operations employing technologies designed to enable the development of offshore natural gas resources. Floating above an offshore natural gas field the FLNG facility produces liquefies stores and transfers LNG (and potentially LPG and condensate) at sea before carriers ship it directly to markets. The world's first completed FLNG production facility is the PFLNG Satu located in Kanowit gas field off the shore of Sarawak in Malaysia. Petronas is the owner of the platform and first cargo was loaded onto the 150200-cbm SeriCamelliaLNG carrier on 03 April 2017. Multiple other FLNG facilities are in development. Another FLNG facility developed by Exmar NV using Black & Veatch PRICO(R) technology passed performance test in October 2016 in NantongChina. Fortuna FLNG to be commissioned in 2020 owned by a joint-venture between Ophir Energy and Golar LNG is still under development in Equatorial Guinea the US$2 billion vessel would be the first to produce its gas in Africa. The agreement between Equatorial Guinea and state-owned GEPetrol Ophir and OneLNG reconfirms GEPetrol’s participation rights as partners in 20 per cent of the FLNG project.
Engineering projects around the globe keep getting bigger and more ambitious. , there are structures being designed and built that will dwarf anything that has come before. Plans are on the drawing board for projects so huge not only in scale, but in their implications for society they’re almost beyond imagination. This BigStructures documentary, that eyes the largest construction projects ever imagined 'Big Structures'.
Extreme Engineering'

Floating liquefied natural gas (FLNG) refers to water-based liquefied natural gas (LNG) operations employing technologies designed to enable the development of offshore natural gas resources. Floating above an offshore natural gas field the FLNG facility produces liquefies stores and transfers LNG (and potentially LPG and condensate) at sea before carriers ship it directly to markets. The world's first completed FLNG production facility is the PFLNG Satu located in Kanowit gas field off the shore of Sarawak in Malaysia. Petronas is the owner of the platform and first cargo was loaded onto the 150200-cbm SeriCamelliaLNG carrier on 03 April 2017. Multiple other FLNG facilities are in development. Another FLNG facility developed by Exmar NV using Black & Veatch PRICO(R) technology passed performance test in October 2016 in NantongChina. Fortuna FLNG to be commissioned in 2020 owned by a joint-venture between Ophir Energy and Golar LNG is still under development in Equatorial Guinea the US$2 billion vessel would be the first to produce its gas in Africa. The agreement between Equatorial Guinea and state-owned GEPetrol Ophir and OneLNG reconfirms GEPetrol’s participation rights as partners in 20 per cent of the FLNG project.
Engineering projects around the globe keep getting bigger and more ambitious. , there are structures being designed and built that will dwarf anything that has come before. Plans are on the drawing board for projects so huge not only in scale, but in their implications for society they’re almost beyond imagination. This BigStructures documentary, that eyes the largest construction projects ever imagined 'Big Structures'.
Extreme Engineering'

THE U.S. SHALE OIL PONZI SCHEME EXPLAINED

The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale field...

The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale fields experience. I explain in detail why the U.S. Shale Oil Industry is nothing more than the typical Ponzi Scheme.

The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale fields experience. I explain in detail why the U.S. Shale Oil Industry is nothing more than the typical Ponzi Scheme.

The CSISEnergy & National SecurityProgram is pleased to host Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency, to present the IEA's Oil MarketReport 2017.
In late 2016, leading oil producers put together the most comprehensive agreement to limit oil output seen since 2009 to ensure the stabilization of oil prices and avoid economic dislocation in producing countries. Underscored by well-supplied oil markets, and this new period of production management, the Oil Market Report projects the following trends through 2022:
Oil Demand is expected to grow strongly at least to 2022, with main developing economies leading the way.
The need for more production capacity becomes apparent by the end of the decade, even if supply appears plentiful today.
It is not clear that upstream projects will be completed in time due to the unprecedented two-year fall in investment in 2015 and 2016, although major reductions in costs will help.
There is a risk of prices rising more sharply by 2022 as the spare production cushion is eroded.
A discussion moderated by KevinBook will follow.

The CSISEnergy & National SecurityProgram is pleased to host Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency, to present the IEA's Oil MarketReport 2017.
In late 2016, leading oil producers put together the most comprehensive agreement to limit oil output seen since 2009 to ensure the stabilization of oil prices and avoid economic dislocation in producing countries. Underscored by well-supplied oil markets, and this new period of production management, the Oil Market Report projects the following trends through 2022:
Oil Demand is expected to grow strongly at least to 2022, with main developing economies leading the way.
The need for more production capacity becomes apparent by the end of the decade, even if supply appears plentiful today.
It is not clear that upstream projects will be completed in time due to the unprecedented two-year fall in investment in 2015 and 2016, although major reductions in costs will help.
There is a risk of prices rising more sharply by 2022 as the spare production cushion is eroded.
A discussion moderated by KevinBook will follow.

This speech was delivered by Philippe Charlez at the URTEC annual conference held in Austin in July 2017. The topic deals with resilience (stable production in ...

This speech was delivered by Philippe Charlez at the URTEC annual conference held in Austin in July 2017. The topic deals with resilience (stable production in spite of a dramatic decrease in drilling and fracturing activities following collapse of prices) and flexibility (possible stop and go within very short periods) of shales. These two specificities greatly explain why shale has replaced OPEC as a new oil swing. Given the current break-even of shale oil it is anticipated that oil price should swing between 40 and 60 US$ over the next five years.

This speech was delivered by Philippe Charlez at the URTEC annual conference held in Austin in July 2017. The topic deals with resilience (stable production in spite of a dramatic decrease in drilling and fracturing activities following collapse of prices) and flexibility (possible stop and go within very short periods) of shales. These two specificities greatly explain why shale has replaced OPEC as a new oil swing. Given the current break-even of shale oil it is anticipated that oil price should swing between 40 and 60 US$ over the next five years.

Liquefied natural gas

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport. It takes up abo...

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 kPa (4 psi).
LNG achieves a higher reduction in volume than compressed natural gas (CNG) so that the (volumetric) energy density of LNG is 2.4 times greater than that of CNG or 60 percent of that of diesel fuel. This makes LNG cost efficient to transport over long distances where pipelines do not exist. Specially designed cryogenic sea vessels (LNG carriers) or cryogenic road tankers are used for its transport. LNG is principally used for transporting natural gas to markets, where it is regasified and distributed as pipeline natural gas. It can be used in natural gas vehicles, although it is more common to design vehicles to use compressed natural gas. Its relatively high cost of production and the need to store it in expensive cryogenic tanks have hindered widespread commercial use.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 kPa (4 psi).
LNG achieves a higher reduction in volume than compressed natural gas (CNG) so that the (volumetric) energy density of LNG is 2.4 times greater than that of CNG or 60 percent of that of diesel fuel. This makes LNG cost efficient to transport over long distances where pipelines do not exist. Specially designed cryogenic sea vessels (LNG carriers) or cryogenic road tankers are used for its transport. LNG is principally used for transporting natural gas to markets, where it is regasified and distributed as pipeline natural gas. It can be used in natural gas vehicles, although it is more common to design vehicles to use compressed natural gas. Its relatively high cost of production and the need to store it in expensive cryogenic tanks have hindered widespread commercial use.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

On Tuesday 31 March 2015, Stochastic Simulation's Dr AndrewWadsley presented at an SPE Lecture on "Using Integrated Asset Modelling to Improve Oil and Gas Planning Decisions in a VolatileMarket."
Dr Wadsley is well known and highly respected across the industry, which resulted in a packed house to listen to his entertaining and thought provoking presentation.
ABSTRACT OF TALK
Crude Oil has been our primary energy driver for a number of decades and the current fluctuation in oil price puts many operators’ future investments in limbo. Natural gas exploration, production and distribution however, have increased tremendously in recent years. Oil production primarily focuses on maximising liquid hydrocarbon recovery and minimising gas production, whereas gas production is typically driven by long term contracts generating both opportunities and challenges in optimising reservoir production.
Integrated asset models provide a pathway for planners and engineers to combine their views from often conflicting objectives. IAM tools enable optimal hydrocarbon resources to be recovered by oil and gas companies. The details required for building an asset model depend on the type of optimisation problem we strive to address. It is common practice for E&P companies to use the same tools for optimising different types of reservoirs; however gas reservoirs are significantly different to manage when compared to oil reservoirs.
Asset management teams in E&P companies, joint venture partners and Government regulatory authorities rely upon the Integrated Asset Models for making informed decisions.
There are a number of applications for IAMs and the presentation focusses on:
- How IAM is important as a corporate planning tool
- How market based models provide robust optimisation for oil and natural gas exploration and production
- Facility representation in IAM – how much detail is optimal and for what purpose
- How to find system bottlenecks and enforce facility constraints for field development optimisation
- Good forecasting models – how they aid exploring challenging fields (HighCO2, H2S etc)

On Tuesday 31 March 2015, Stochastic Simulation's Dr AndrewWadsley presented at an SPE Lecture on "Using Integrated Asset Modelling to Improve Oil and Gas Planning Decisions in a VolatileMarket."
Dr Wadsley is well known and highly respected across the industry, which resulted in a packed house to listen to his entertaining and thought provoking presentation.
ABSTRACT OF TALK
Crude Oil has been our primary energy driver for a number of decades and the current fluctuation in oil price puts many operators’ future investments in limbo. Natural gas exploration, production and distribution however, have increased tremendously in recent years. Oil production primarily focuses on maximising liquid hydrocarbon recovery and minimising gas production, whereas gas production is typically driven by long term contracts generating both opportunities and challenges in optimising reservoir production.
Integrated asset models provide a pathway for planners and engineers to combine their views from often conflicting objectives. IAM tools enable optimal hydrocarbon resources to be recovered by oil and gas companies. The details required for building an asset model depend on the type of optimisation problem we strive to address. It is common practice for E&P companies to use the same tools for optimising different types of reservoirs; however gas reservoirs are significantly different to manage when compared to oil reservoirs.
Asset management teams in E&P companies, joint venture partners and Government regulatory authorities rely upon the Integrated Asset Models for making informed decisions.
There are a number of applications for IAMs and the presentation focusses on:
- How IAM is important as a corporate planning tool
- How market based models provide robust optimisation for oil and natural gas exploration and production
- Facility representation in IAM – how much detail is optimal and for what purpose
- How to find system bottlenecks and enforce facility constraints for field development optimisation
- Good forecasting models – how they aid exploring challenging fields (HighCO2, H2S etc)

DirectLink to AquaTune HydrogenFuelSystems: http://aquatuneinternational.myshopify.com?aff=7
The AquaTune Hydrogen Fuel System is distinctly different than the over 200 year old approach to Hydrogen and Oxygen production from the water molecule via Electrolysis.
This is not traditional Electrolysis- in that- AquaTune is not using high amperage to break the water molecules covalent bond. AquaTune also does not use a PWM(pulse width modulator) which many traditional Electrolysis TypeHHO Cells Use.
The AquaTune Water Fuel Technology uses Hydrogen Producing Capacitors- which produce 2.5 Liters Of Hydrogen Per Minute- while under the vacuum conditions generated by the gasoline powered engine(suction & volume of air flow- past the venturi nozzles- inside the intake manifold). The vacuum signal is maintained(To- The Distilled Water Processor) and facilitated by the AquaTune Venturi Nozzles(Google Search Venturi Theory and Venturi Vacuum Theory). The AquaTune Hydrogen Producing Capacitors utilize an ElectroStatic Charge generated inside the Distilled Water Processor(Think of rubbing your feet on the carpet and then touching something- This is an example of static electricity generation) which acts as an Electrolyte- Thus- there is no need to add Electrolyte such as traditional HHO systems utilize- such as Sodium Hydroxide nor Potasium Hydroxide.
This system is 60% Hydrogen Production + 40% water mist injection. The 40% water mist injection has a weakened covalent bond from being struck at resonance(WithinThe Echo Chamber of the Processor) with frequency- in a self generated electrostatic field- within the distilled water processor.
Because the 40% water injection has a weakened covalent bond- Once this 40% water injection encounters extreme heat and compression- The covalent bond breaks and releases the Hydrogen and Oxygen that is the water molecule. Before this 40% water injections covalent bond breaks in the combustion chamber- It expands the gasoline- absorbs heat- raising(increasing) the gasolines octane rating- advances the ignition timming- then burns :)
The NASASpace Shuttle stores the less powerful Para Hydrogen(ExplosivePowerSimilar to that of Natural Gas- See CNG). However- through a Magnetic Field which permits an Electron Spin- The Para Hydrogen becomes the much more powerful(2.5 times more powerful than gasoline) Ortho Hydrogen.
The AquaTune Hydrogen Fuel System does not store Ortho Hydrogen- but rather produces the Ortho Hydrogen on demand(as needed) from distilled water(sold at most grocery markets). There are no Hydrogen Storage tanks on the automobile. The Hydrogen is not under pressure- but rather is generated in a vacuum(Google Search Vacuum Theory & Theory of Vacuum).
Ortho Hydrogen is 2.5 Times More Powerful Than Gasoline- and burns 7 to 9 times faster than gasoline. Ortho Hydrogen is also the lightest Element on the Periodic Table Of Elements. This system does not void new car warranty and will not harm the engine in any way. In fact- The AquaTune Hydrogen Fuel System is good for the engine ie removes carbon buildup in the engine's combustion chambers- and helps keep the catalytic converter and EGR(exhaust gas recirculation valve) clean as well.
Note: In FreezingWeatherConditions. One may add isopropyl alcohol to the distilled water reservoir(1 part distilled water to 1 part isopropyl alcohol) in order to prevent the distilled water from freezing.
With the AquaTune Hydrogen Fuel System- we do not need to modify nor alter the computer on the car- to permit increases in fuel efficiency and power ie no need for an EFIE(Electronic Fuel Injection Enhancer).
Note: I add two liters of Distilled Water to the AquaTune water reservoir per two tank fulls of gasoline. When I check my oil every other time I fill the gasoline tank, I also top off the Distilled Water Reservoir. AquaTune also offers much larger water reservoirs as well. AquaTune also makes Water Fuel Technology units for Diesel Engines.
Note: It is extremely important that only distilled water be used in the AquaTune units- at all times. Thank you for watching my video!

DirectLink to AquaTune HydrogenFuelSystems: http://aquatuneinternational.myshopify.com?aff=7
The AquaTune Hydrogen Fuel System is distinctly different than the over 200 year old approach to Hydrogen and Oxygen production from the water molecule via Electrolysis.
This is not traditional Electrolysis- in that- AquaTune is not using high amperage to break the water molecules covalent bond. AquaTune also does not use a PWM(pulse width modulator) which many traditional Electrolysis TypeHHO Cells Use.
The AquaTune Water Fuel Technology uses Hydrogen Producing Capacitors- which produce 2.5 Liters Of Hydrogen Per Minute- while under the vacuum conditions generated by the gasoline powered engine(suction & volume of air flow- past the venturi nozzles- inside the intake manifold). The vacuum signal is maintained(To- The Distilled Water Processor) and facilitated by the AquaTune Venturi Nozzles(Google Search Venturi Theory and Venturi Vacuum Theory). The AquaTune Hydrogen Producing Capacitors utilize an ElectroStatic Charge generated inside the Distilled Water Processor(Think of rubbing your feet on the carpet and then touching something- This is an example of static electricity generation) which acts as an Electrolyte- Thus- there is no need to add Electrolyte such as traditional HHO systems utilize- such as Sodium Hydroxide nor Potasium Hydroxide.
This system is 60% Hydrogen Production + 40% water mist injection. The 40% water mist injection has a weakened covalent bond from being struck at resonance(WithinThe Echo Chamber of the Processor) with frequency- in a self generated electrostatic field- within the distilled water processor.
Because the 40% water injection has a weakened covalent bond- Once this 40% water injection encounters extreme heat and compression- The covalent bond breaks and releases the Hydrogen and Oxygen that is the water molecule. Before this 40% water injections covalent bond breaks in the combustion chamber- It expands the gasoline- absorbs heat- raising(increasing) the gasolines octane rating- advances the ignition timming- then burns :)
The NASASpace Shuttle stores the less powerful Para Hydrogen(ExplosivePowerSimilar to that of Natural Gas- See CNG). However- through a Magnetic Field which permits an Electron Spin- The Para Hydrogen becomes the much more powerful(2.5 times more powerful than gasoline) Ortho Hydrogen.
The AquaTune Hydrogen Fuel System does not store Ortho Hydrogen- but rather produces the Ortho Hydrogen on demand(as needed) from distilled water(sold at most grocery markets). There are no Hydrogen Storage tanks on the automobile. The Hydrogen is not under pressure- but rather is generated in a vacuum(Google Search Vacuum Theory & Theory of Vacuum).
Ortho Hydrogen is 2.5 Times More Powerful Than Gasoline- and burns 7 to 9 times faster than gasoline. Ortho Hydrogen is also the lightest Element on the Periodic Table Of Elements. This system does not void new car warranty and will not harm the engine in any way. In fact- The AquaTune Hydrogen Fuel System is good for the engine ie removes carbon buildup in the engine's combustion chambers- and helps keep the catalytic converter and EGR(exhaust gas recirculation valve) clean as well.
Note: In FreezingWeatherConditions. One may add isopropyl alcohol to the distilled water reservoir(1 part distilled water to 1 part isopropyl alcohol) in order to prevent the distilled water from freezing.
With the AquaTune Hydrogen Fuel System- we do not need to modify nor alter the computer on the car- to permit increases in fuel efficiency and power ie no need for an EFIE(Electronic Fuel Injection Enhancer).
Note: I add two liters of Distilled Water to the AquaTune water reservoir per two tank fulls of gasoline. When I check my oil every other time I fill the gasoline tank, I also top off the Distilled Water Reservoir. AquaTune also offers much larger water reservoirs as well. AquaTune also makes Water Fuel Technology units for Diesel Engines.
Note: It is extremely important that only distilled water be used in the AquaTune units- at all times. Thank you for watching my video!

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.EnglishFollow us on Twitter:
https://twitter.com/France24_en

The more stringent 2015 quotas have reduced Groningen natural gas production, and storage withdrawals have ramped up to meet the shortfall. But a lack of clarity over the final 2015 field gas quota has triggered price volatility. Reginald Ajuonuma examines how the market expects yet more volatility in the coming months ahead of a government quota decision in July and a court ruling, due later this year, which could further cut output.

In the drive to monetize offshore gas fields, the advent of MarineCNG ships unlocks gas fields that are currently stranded. This animation illustrates a shuttle operation for FloatingCompressed Natural Gas (FCNG), the transportation of natural gas from a Floating Production unit (FPSO) or platform to market. This innovative solution is capable of monetizing offshore fields less than 5 TCF in size. These offshore transportation vessels can be augmented with Floating LNG (FLNG) to produce larger fields for global delivery or used as a stand alone regional solution.
Simpler and less expensive compression allows smaller offshore fields to be produced into CNG tankers and taken to markets seeking to switch from oil or diesel to natural gas. The operation is very similar to how oil tankers transport gas from FPSOs. Marine CNG ships can now transport associated gas from oil production or larger volumes from gas field developments.

ItalyOil and Gas Markets Outlook to 2025 - Supply, Demand, InvestmentOpportunities, Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets) and Competition @ http://www.reportsnreports.com/reports/275210-italy-oil-and-gas-markets-outlook-to-2025-supply-demand-investment-opportunities-infrastructure-fields-blocks-pipelines-lng-refinery-storage-assets-and-competition.html
Italy Oil and Gas Markets Outlook to 2025 from Researcher provides comprehensive analysis and forecasts of the Italy Oil and Gas market between 2000 and 2025. Covering the entire value chain of the industry, the report analyzes each of the oil and gas segments in Italy including upstream sector, pipeline, refinery, LNG and storage sectors. Further, detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided, highlighting the growth potential and feasibility of projects.
Production and Consumption forecasts of Italy oil, gas, gasoline, LPG, kerosene, diesel oil, coal, LNG and electricity to 2025 are provided. Further, the report examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors. It also identifies the key challenges, drivers and restraints in the country's oil and gas industry and the impact of these metrics on the industry.

HUTIRA - BRNO successfully expands to new markets GB

http://www.hutira.com
The company Hutira-Brno, which moved last year to new production and administrative premises in Popůvky near Brno, is an important player in the field of production and supply solutions for the power industry and the gas industry. Furthermore, in 2013 Hutira is expanding to new foreign markets.
The regulation unit for the gas power plant in Ghana in Africa was produced in this production facility in its new container design. The regulation unit is assembled right here in this workshop into containers and also completely tested. The advantage of such a solution is the easy transportation of the whole container and then it is easy to connect up and commission. The gas power plant is located in the city of Tema, which is the most important port of Ghana close to the capital Accra.
The video was produced by the television and advertising company TVF http://www.tvf.cz

$38 BILLION gas PROJECT
RUSSIAN GASGiant 'Gazprom' TO Supply ASIAN MARKETS
Moscow Region, Russia
October 29, 2012
-Video from RIA Novosti
(Видео с Российское агентство международных новостей)
Russian PresidentVladimir Putin met with Gazprom CEO Aleksey Miller at the presidential residence outside Moscow on Monday.
The discussions focused on the Eastern GasProgram, the development of gas fields in Siberia, and the construction of new pipeline routes.
Putin said the state-run gas company should accelerate prospecting at the Chayanda gas field in Yakutia and the construction of a pipeline linking to Vladivostok on the Pacific coast.
Miller reported that overall investments to fulfil these tasks will be around 1.2 trillion rubles ($38 billion).
"Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline", he said.
The project is aimed at boosting Gazprom's presence on Asia-Pacific markets.
"This is the largest market in the world, and one that is developing very swiftly... So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones", Miller told Putin.
*
Aleksey Miller, Gazprom CEO (speaking Russian):
Mr. Putin, Gazprom has been consistently implementing the Eastern Gas Programme. Two gas-production centres have been created -- in Kamchatka and Sakhalin. Two gas-main pipelines have been built -- from Sobolevo to Petropavlovsk-Kamchatsky and from Sakhalin through Khabarovsk to Vladivostok.
As of today, Gazprom continues operating in Sakhalin where a new gas field called Kirinskoye will be introduced in 2013 -- unique for its sea-bed technology, for the first time in Russia. Now that the work on developing the gas fields in Sakhalin and Kamchatka has begun we are tasking ourselves to start the second phase of the Eastern Gas Programme and create new gas-production centres. First of all, it concerns...
Vladimir Putin, Russian President (speaking Russian):
It'sKovykta in Irkutsk and [a centre in Yakutia] Chayanda?
Miller: Yes. Chayanda is the main gas field of the Yakutsk gas-production centre. The overall prospected resources comprise 53 trillion cubic metres of gas in EastSiberian and Far Eastern mainland and 15 trillion cubic metres of gas in the shelf.
Putin: How much is there here in Irkutsk?
Miller: The Irkutsk gas-production centre's prospected resources are estimated to have 3.7 billion [?trillion] cu.m.
Putin: How much is here?
Miller: It's 2.5 billion [?trillion] cu.m and it's 1.2 trillion cubic metres at the Chayandinskoye field. On the whole, the region has been prospected only slightly -- eight per cent of the mainland and six per cent of the shelf.
Putin: Are you planning to lay the pipe to the East from Yakutia first?
Miller: We believe it's a priority to start developing the Chayadinskoye gas field, to be followed by the Kovyktinskoye gas field along with the Irkutsk production centre, the stage to follow being the Krasnoyarsk centre.
Having started the operations at the Chayandinskoye gas field we are planning to lay a gas-main pipeline from Yakutia through Khabarovsk to Vladivostok -- 3,200 km long, after which as we develop the Kovyktinskoye gas field in parallel we'll start building the second part of the pipeline from Yakutia, 800 km long.
Putin: So as to connect these two gas fields? What about a pipeline to the west from here?
Miller: Delivery of gas from the Irkutsk gas-production centre to the west is envisaged, too -- towards Krasnoyarsk, Novosibirsk and Omsk -- it's more than 2,000 km. Thus we are planning to get the eastern part of our country, Eastern Siberia connected to Western Siberia, the main consumption centre.
Putin: This is how we will get an integrated gas supply system.
Miller: An integrated system for the whole Russia.
Miller: The investment feasibility study has been approved. Speaking of the new Pacific gas pipeline, we expect it to be built by the end of 2017. We are also planning to build a new gas liquefaction plant somewhere in Vladivostok. We do give priority to domestic markets but we are genuinely interested in setting up a new center for Russian gas exports to Asia-Pacific.
You know that this is the largest market in the world, and one that is developing very swiftly. Some of the most rapidly growing markets include China, India, Japan, Korea, Taiwan, Thailand, Bangladesh, Singapore and Vietnam. So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones.
Miller: Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline.
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In this week's #PlattsMM Europe highlights: Key reports on the global #oil market are due out after Brent hit $70 a barrel; a Dutch government decision on a key European #natgas field is eagerly awaited; and the European #steel sector is bracing itself for a US trade ruling.
Our social media question is: What do you think the outcome of the latest #Groningen earthquake will be for the gas market? Tweet us using the hashtag #PlattsMM.
S&P Global PlattsSenior Editor, Central Editing Desk, Jon Dart, explores these and other topics that may impact Europe's commodity markets this week:
* Groningen earthquakes
* Grand coalition or big falling out in Germany?
* German Cal 20 power
* US trade ruling on European steel eyed
----------------------------------
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Keep up to date with all the latest S&P Global Platts news by tweeting us at @SPGlobalPlatts and by using the hashtag
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4:07

Why do competitors open their stores next to one another? - Jac de Haan

Why do competitors open their stores next to one another? - Jac de Haan

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.

8:30

Israel & Lebanon Gas Dispute

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of...

Israel & Lebanon Gas Dispute

The last 2 years have seen blessings bestowed on the State of Israel with the discovery of massive natural gas fields in the Eastern Mediterranean by Texas based Noble Energy & Israeli consortiums. Discoveries within arms reach of the Israeli coast and within our territorial waters. In 2009 the TamarIsrael discovery rippled across energy markets, Tamar discoveries can power 50% of Israel's energy needs for the next 4 decades.
Now in 2010 a new unbelievably larger reserve named Leviathan may yield massive amounts of natural gas, estimated at possibly twice the size of Tamar! If Leviathan yields, it can transform Israel into a global energy exporter.
The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in 2009, and position Israel as a gas exporter in coming years. Today is a day of celebration for all of us. The State of Israel is an energy independent country.
Lebanon & Its Embarrassing, Ugly Islamic StepChild -- Hezbollah
Of course, If Israel has it, you can rest assured Hezbollah wants to lay its greedy little Islamofacist hands on it. The exploratory permits licensed to Noble and its partners where these discoveries are being made are clearly off Israeli waters.

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

2:22

What are the key themes in the European gas market today?

"The market is going through three phases," says Chris Durman, European Head of Gas and Po...

Natural gas field

Oil and natural gas are produced by the same geological process according fossil fuel suggestion: anaerobicdecay of organic matter deep under the Earth's surface. As a consequence, oil and natural gas are often found together. In common usage, deposits rich in oil are known as oil fields, and deposits rich in natural gas are called natural gas fields.

In general, organic sediments buried in depths of 1,000 m to 6,000 m (at temperatures of 60 °C to 150°C) generate oil, while sediments buried deeper and at higher temperatures generate natural gas. The deeper the source, the "drier" the gas (that is, the smaller the proportion of condensates in the gas). Because both oil and natural gas are lighter than water, they tend to rise from their sources until they either seep to the surface or are trapped by a non-permeable layer of rock. They can be extracted from the trap by drilling.

The largest natural gas field is South Pars/Asalouyeh gas field, which is shared between Iran and Qatar. The second largest natural gas field is the Urengoy gas field in Russia. The gas field Haynesville Shale in Louisiana-Texas has been projected bigger than South Pars, but since this is a new well its size has not yet been officially recorded.

How natural gas could be a geopolitical game-changer in the Mideast

Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
It's a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe's doorstep. But the gas fields often coincide with disputed borders between rival nations. Our reporter Marine Pradel investigated this lucrative resource, which everyone wants a piece of.
The billions of cubic metres of natural gas discovered in recent years off Israel, Egypt and Cyprus form what is now called the "Levantine Basin", the largest natural gas reservoir within easy reach of Europe.
The first major deposit, known as Tamar, was discovered in 2009 off the coast of Haifa, Israel, by a consortium made up of Noble Energy (US) and Delek-Avner (Israel). Other gas fields were later discovered in the same zone of the "Levantine Basin": Leviathan (Israel), Aphrodite (Cyprus), but most importantly Zohr, in 2015 off the coast of Egypt: the largest gas field ever discovered in the Mediterranean, larger than all the others combined. It was found by the Italian oil giant ENI, which has already started to exploit it and is aiming to start production by the end of 2017.
Meanwhile, Israel, supported by its US ally, is drilling away, driven by a free-market and idealistic vision: exploiting the gas will oblige the countries of the region to co-operate as business partners, which will in turn create peace and stability.
But the gas under the Mediterranean Sea may also carry within it the seeds of new conflicts. On the divided island of Cyprus, it threatens reunification efforts. In Lebanon, its location - straddling the disputed maritime boundary with Israel - boosts the belligerent rhetoric of the armed Hezbollah group.
It is hoped the gas could be worth billions of dollars, and all eyes are on the highly coveted European gas market, which Russia would like to keep for itself.
Speaking to FRANCE 24 in Washington, the US Special Envoy and Coordinator for InternationalEnergyAffairs summarised the situation. “All of a sudden, it’s not just a bunch of fishermen that care about those waters. Suddenly, there’s billions and billions of dollars”, he explained. The stakes are certainly high. In total, nearly 3,500 billion cubic metres of natural gas could lie under the eastern Mediterranean, according to a study by the US Geological Survey.
From Egypt to Syria via Lebanon, Israel and Cyprus, our reporter investigated this precious resource, a double-edged sword that awakens old Cold War reflexes and could well upset the geopolitical order of an already unstable region.
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
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1:15:17

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposit...

« Gas markets, Projects, Challenges and Role of natural gas in the future »

In recent years, the gas market has suffered several changes. The discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that modify this market in depth.
At the press conference, Mr. ChristophFrei will talk about the activities of the World Energy Council. Mr. René Bautz will talk about the activities of the GlobalGasCentre and the Swiss market, which is supplied almost exclusively by imports.

1:26:29

CGEP: 2015 Medium-Term Gas Market Report

The Center on Global Energy Policy was pleased to host a presentation and discussion of th...

CGEP: 2015 Medium-Term Gas Market Report

The Center on GlobalEnergy Policy was pleased to host a presentation and discussion of the 2015 Medium-Term GasMarketReport. Ms. Costanza Jacazio, Senior Gas Expert in the Gas, Coal and PowerDivision at the International Energy Agency, presented the report after which CenterDirectorJason Bordoff moderated a discussion featuring:
Ms. Jacazio;
Majed Limam, LNG & Natural Gas Consulting, Poten & Partners, and;
Leslie Palti-Guzman, Director of Global Gas, The Rapidan Group and Fellow, Center on Global Energy Policy
The 2015 Medium-Term Gas Market Report provides a detailed analysis of demand, upstream investment and trade developments for the next five years that will shape the gas industry and the role of gas in the global energy system. In particular, the report looks at the impact on global gas markets of Russias strategic shift in its gas export policy and the rising tide of liquefied natural gas supplies. The 2015 edition also features two special analyses, the first looks at the progress that Europe has made in enhancing security of supply in the region since 2010, and the second takes a close look at reforms to the gas and electricity sector in Mexico and their impacts on North American gas markets.

24:34

Wall Street Warriors | Episode 1 Season 3 "Enter the Bears" [HD]

The first episode of Season 3 (the lost season!) of Wall Street Warriors – a 10-part Docu-...

Wall Street Warriors | Episode 1 Season 3 "Enter the Bears" [HD]

The first episode of Season 3 (the lost season!) of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"Enter the Bears"
The 3rd season opener gives a behind-the-scenes look at the New York and Chicago financial districts just as the credit crunch begins to unfold. Fearing a deep recession, sibling stock brokers, Phil & Ken, argue over how best to protect their client's money. Doug, a floor trader on Chicago's famous outcry pits, shows what it takes to be a survivor in the cut-throat environment. Meanwhile, Kristi, CEO of a new online trading firm, Think or Swim, stresses out trying to meet a major filing deadline while Rich, the Hedge Fund guy, tries to profit from the growing oil bubble.
Episode 2 "The FearGauge" is available here: https://youtu.be/A3Mhtb1c55o
Wall Street Warriors S3 Ep1:
Coming up next on Wall Street Warriors.
PHIL: Today's the start of the official bear market.
RICH: Stress levels are off the charts.
DOUG: The American economy is so weak right now.
KEN: We're down 13.
PHIL: You're [bleep]ing killing me here.
KRISTI: The tension is visible. Just keep me updated. Good-bye! Grrr! [laughs]
THE FLOOR TRADER
THE MARKET MAKER
THE COMPANY
THE OPTIONS TRADER
THE MONEY
THE BROKERS
WALL STREET WARRIORS: ENTER THE BEARS
MARKETS ARE FALLING
THE CREDIT CRUNCH CONTINUES
HOUSING PRICES ARE PLUMMETING
OIL PRICES HAVE SOARED
TALK OF CRISIS HOVERS OVER WALL STREET…
CHICAGO
WORLDWIDE CAPITAL OF DERIVATIVES
S&P 500INDEX OPTIONS PIT
CHICAGO BOARD OPTIONS EXCHANGE
DOUG: This is like the Wild, Wild West of trading. There's more money than I've ever seen.
DOUG: A broker comes into the crowd with a 10,000-lot order,
and the premium on the order is huge, crazy money. Billions and billions of dollars are traded on a daily basis out here. It’sCapitalism to the extreme. A lot of people make a lot of good money down here, but you pay the price, too.
DOUG: Right now, we're in a little tricky area. The American public wants a rally, but any kind of move to the downside gets people panic. I think we could start having a problem in the market.
DOUG:I think the credit crisis is huge right now because when the U.S. economy gets bad, people run and they buy oil. They buy gold.
TRADER #2: There's a confidence that, uh, has eroded.
TRADER #3: There's a lot of money on the sidelines.
DOUG: The dollar's getting pounded because the American economy is so weak right now. There's a problem. I mean, there's-- there's a problem that has to be solved. Something's gotta be fixed.
NEW YORKFINANCIAL DISTRICT
KEN & PHILIP BRISARD STOCK BROKERS
PHIL: We can probably raise a cool $3 million out of that seminar.
Now, you had a ACAP come in last week. Did it settle?
KEN: Yeah. Well, it settled for about 620,000.
KEN: Today is definitely gonna mark a historic day because we are officially in a bear market.
PHIL: Front page of The Wall Street Journal, The New York Times, and all these other financial newspapers are calling this the "Great Depression."
KEN: We currently have oil, natural gas. The dollar's
at a 52-week low. And those three components of the economy
are hurting us really bad.
Right now you need to keep everyone calm, collected,
and tell them about the options strategy. Don't get into
the panic mode, 'cause everyone panics when everything's
going wrong. You know, no one can see the light of day. And this is what tells me there's opportunity all over the place.
Brisard & Brisard.
I'm a financial advisor. I've been doing this 14 1/2 years along with my partner, which is also my brother Ken.
We deal with stocks, bonds, and options.
Some people say don't do business with your family, but I don't know who else I could do business and trust.
The writing's on the wall. All you have to do is go the opposite way.
But every single day, myself and my brother, we reach a point
of, uh, disagreement.
You're a genius on that. And you know what?
No, you called me an idiot.
I called you an idiot on it because you know what?
I actually booked some of my clients out of the SKF right around $120 'cause the market...
Phil likes to do things his way.
HEDGE FUND MANAGER
RICH TAG: I watched the past three months oil go from 80 to 130.
But it's gonna turn, right? I mean, in the U.S., prices are high enough. In London, they're picketing, and they're burning
gas stations down, right?
Wall Street is feast or famine.
We just came out of five years of hyper growth, and boom, we got hit with the sub-prime crisis, and Wall Street started to pare back and lay off.
Stress levels are off the charts. There's a lot of hysteria in the markets now. Many of the energy hedge funds are flat or minus for the year.
Hedge funds are now managing a significant share,
probably 50% of America's investable assets.

Regional Natural Gas Game-Changers: Securing Supplies amid Volatility

TPQ’s 6th annual energy roundtable discussion revolved around Southern Gas Corridor (SGC) dynamics and the politics of energy diversification. We assessed potential game-changers – including the proposed TurkStream project, prospects for US LNG exports to Europe, the discovery of the Zohr natural gas field off the Egyptian coast – and their wider implications for the regional energy landscape. We also explored the extent to which increasing volatility in Turkey and its neighborhood is impacting markets and cooperation between energy partners.

Floating liquefied natural gas (FLNG) refers to water-based liquefied natural gas (LNG) operations employing technologies designed to enable the development of offshore natural gas resources. Floating above an offshore natural gas field the FLNG facility produces liquefies stores and transfers LNG (and potentially LPG and condensate) at sea before carriers ship it directly to markets. The world's first completed FLNG production facility is the PFLNG Satu located in Kanowit gas field off the shore of Sarawak in Malaysia. Petronas is the owner of the platform and first cargo was loaded onto the 150200-cbm SeriCamelliaLNG carrier on 03 April 2017. Multiple other FLNG facilities are in development. Another FLNG facility developed by Exmar NV using Black & Veatch PRICO(R) technology passed performance test in October 2016 in NantongChina. Fortuna FLNG to be commissioned in 2020 owned by a joint-venture between Ophir Energy and Golar LNG is still under development in Equatorial Guinea the US$2 billion vessel would be the first to produce its gas in Africa. The agreement between Equatorial Guinea and state-owned GEPetrol Ophir and OneLNG reconfirms GEPetrol’s participation rights as partners in 20 per cent of the FLNG project.
Engineering projects around the globe keep getting bigger and more ambitious. , there are structures being designed and built that will dwarf anything that has come before. Plans are on the drawing board for projects so huge not only in scale, but in their implications for society they’re almost beyond imagination. This BigStructures documentary, that eyes the largest construction projects ever imagined 'Big Structures'.
Extreme Engineering'

25:16

THE U.S. SHALE OIL PONZI SCHEME EXPLAINED

The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. ...

THE U.S. SHALE OIL PONZI SCHEME EXPLAINED

The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale fields experience. I explain in detail why the U.S. Shale Oil Industry is nothing more than the typical Ponzi Scheme.

1:13:27

IEA Oil Market Report 2017

The CSIS Energy & National Security Program is pleased to host Keisuke Sadamori, Director ...

IEA Oil Market Report 2017

The CSISEnergy & National SecurityProgram is pleased to host Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency, to present the IEA's Oil MarketReport 2017.
In late 2016, leading oil producers put together the most comprehensive agreement to limit oil output seen since 2009 to ensure the stabilization of oil prices and avoid economic dislocation in producing countries. Underscored by well-supplied oil markets, and this new period of production management, the Oil Market Report projects the following trends through 2022:
Oil Demand is expected to grow strongly at least to 2022, with main developing economies leading the way.
The need for more production capacity becomes apparent by the end of the decade, even if supply appears plentiful today.
It is not clear that upstream projects will be completed in time due to the unprecedented two-year fall in investment in 2015 and 2016, although major reductions in costs will help.
There is a risk of prices rising more sharply by 2022 as the spare production cushion is eroded.
A discussion moderated by KevinBook will follow.

25:16

Iran: Potential and Implications of a Full Return to Energy Markets, Dr. Sara Vakhshouri, ECSSR

This speech was delivered by Philippe Charlez at the URTEC annual conference held in Austin in July 2017. The topic deals with resilience (stable production in spite of a dramatic decrease in drilling and fracturing activities following collapse of prices) and flexibility (possible stop and go within very short periods) of shales. These two specificities greatly explain why shale has replaced OPEC as a new oil swing. Given the current break-even of shale oil it is anticipated that oil price should swing between 40 and 60 US$ over the next five years.

Liquefied natural gas

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 kPa (4 psi).
LNG achieves a higher reduction in volume than compressed natural gas (CNG) so that the (volumetric) energy density of LNG is 2.4 times greater than that of CNG or 60 percent of that of diesel fuel. This makes LNG cost efficient to transport over long distances where pipelines do not exist. Specially designed cryogenic sea vessels (LNG carriers) or cryogenic road tankers are used for its transport. LNG is principally used for transporting natural gas to markets, where it is regasified and distributed as pipeline natural gas. It can be used in natural gas vehicles, although it is more common to design vehicles to use compressed natural gas. Its relatively high cost of production and the need to store it in expensive cryogenic tanks have hindered widespread commercial use.
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On Tuesday 31 March 2015, Stochastic Simulation's Dr AndrewWadsley presented at an SPE Lecture on "Using Integrated Asset Modelling to Improve Oil and Gas Planning Decisions in a VolatileMarket."
Dr Wadsley is well known and highly respected across the industry, which resulted in a packed house to listen to his entertaining and thought provoking presentation.
ABSTRACT OF TALK
Crude Oil has been our primary energy driver for a number of decades and the current fluctuation in oil price puts many operators’ future investments in limbo. Natural gas exploration, production and distribution however, have increased tremendously in recent years. Oil production primarily focuses on maximising liquid hydrocarbon recovery and minimising gas production, whereas gas production is typically driven by long term contracts generating both opportunities and challenges in optimising reservoir production.
Integrated asset models provide a pathway for planners and engineers to combine their views from often conflicting objectives. IAM tools enable optimal hydrocarbon resources to be recovered by oil and gas companies. The details required for building an asset model depend on the type of optimisation problem we strive to address. It is common practice for E&P companies to use the same tools for optimising different types of reservoirs; however gas reservoirs are significantly different to manage when compared to oil reservoirs.
Asset management teams in E&P companies, joint venture partners and Government regulatory authorities rely upon the Integrated Asset Models for making informed decisions.
There are a number of applications for IAMs and the presentation focusses on:
- How IAM is important as a corporate planning tool
- How market based models provide robust optimisation for oil and natural gas exploration and production
- Facility representation in IAM – how much detail is optimal and for what purpose
- How to find system bottlenecks and enforce facility constraints for field development optimisation
- Good forecasting models – how they aid exploring challenging fields (HighCO2, H2S etc)

State-backed energy giant PetroChina plans to build more terminals to receive imported natural gas, including from the US, in a move which would help relieve Sino-US trade tension. The plan to build facilities to process chilled and liquefied gas arriving by ship in Shandong, Liaoning, Guangdong and Fujian provinces was announced by officials at ......

Wargaming Seattle was the former Gas Powered Games, which first debuted in 1998... Wargaming acquired Gas Powered Games in 2013 ... The campaign had received just over $500,000 when Gas Powered cancelled the Kickstarter....

South Carolina has some of the cheapest gas in the country right now, but prices have spiked heading into Memorial Day weekend... However, this price still is better than the national average for a gallon of regular gas, which is $2.94 – the highest price point going into the Memorial Day weekend since 2014....

PITTSBURGH, May 24, 2018 /PRNewswire/ -- "We had a friend who lost her husband, and she was complaining about how heavy 5-gallon gas cans were," said an inventor from Elkhart Lake, Wis ... easier to gas up a lawn mower, ATV, snow blower, lawn garden tractor, etc....

An energy company says it resolved legal claims made by two families after a fatal house explosion in northern Colorado that was blamed on a leaking gas pipeline ... Investigators said the explosion was caused by odorless, unrefined natural gas from a pipeline that was severed about 10 feet (3 meters) from the house ... An oil and gas company has ......

Polish state-controlled natural oil and gas company PGNiG expects a significant increase in domestic gas production from 2019, and a somewhat higher production in 2018 compared to a year ago, CEOPiotr Woźniak said. “We expect a significant increase in production only in 2019, not yet,” Woźniak said during a press conference ... Visit the site and log in/register to read ... ....